Wall Street is sinking with focus on Biden and Trump’s first debate | Financial


In addition, the developments surrounding the corona virus are monitored. The number of people worldwide who have died as a result of the virus has passed the one million mark. In the United States, the most victims (nearly 205,000) have occurred. The most infections have also been found in the US: more than 7.1 million.

The Dow Jones index was 0.7 percent lower at 27,394 points around 7.30 pm (Dutch time). The broad-based S&P 500 fell 0.6 percent to 3,332 points and tech exchange Nasdaq was lowered 0.3 percent to 11,083 points.

The number of people who have died worldwide as a result of the coronavirus has passed the one million mark. The United States has the most infections as well as the most deaths of any country. However, consumer confidence figures showed a sharp rise.

Uber Technologies lost 2.6 percent. The taxi company would like to purchase Free Now, the car-sharing service of the German car manufacturers Daimler and BMW. With the purchase, the company would significantly increase its market share in Europe and Latin America. On Monday it was announced that Uber will get its taxi license back in London.

French luxury group Louis Vuitton Moët Hennessy (LVMH) is filing its own lawsuit against American jewelry chain Tiffany over the failed takeover deal worth more than $ 16 billion. LVMH accuses Tiffany of poor management during the corona crisis. Tiffany, in turn, previously filed a lawsuit against LVMH to allow the acquisition to go ahead. Shares of the jewelry chain fell a fraction in value.

JPMorgan Chase was fined $ 920 million for market manipulation in trading metals and US Treasuries. As a result, the bank posted a loss and fell 0.8 percent.

Meat substitute maker Beyond Meat rose 9.3 percent. The company’s citizens will be on the shelves at more Walmart stores. Tesla thickness 1.2 percent. Walmart’s Canadian arm ordered more Tesla Semi trucks from the electric vehicle maker.

The euro was trading at $ 1.1736, against $ 1.1721 at the closing bell in Europe. A barrel of American oil cost 4 percent less at $ 38.99. Brent oil fell 3.8 percent in price to $ 40.85 a barrel.

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