Dow loses monthly profit with heavy damage | Financial


The Dow Jones index was 3 percent lower at 27,567 points after more than three hours of trading. As a result, the accrued profit has disappeared completely from the price board in October. The broad-based S&P 500 fell 2.1 percent to 3390 points and the Nasdaq technology gauge fell 1.8 percent to 11,345 points. By the way, the markets on Wall Street will open and close an hour earlier than normal this week due to the start of winter time in Europe. Next weekend will also start winter in the United States.

White House top economic adviser Larry Kudlow said talks between Republicans and Democrats in Congress on a new bailout package are slowing down, but they are still going on. More compromises are needed to reach an agreement, according to Kudlow.

Toy manufacturer Hasbro announced quarterly figures that were not good, because the share lost 7 percent. Industry colleague Mattel lost 2.6 percent.

Boeing was also in dire straits with a loss of 4%. China has threatened, among other things, to impose sanctions on the defense branch of the aviation group because of the US arms sales to Taiwan.

Credit card company Americain Express also had a hard time with a price blow of 4.9%.

The big tech guys were also in a bad mood after the downer at the German IT company SAP. Intel had to give up another 3% after Friday’s thump.

Rumors that car manufacturers Fiat Chrysler and PSA are getting permission from Brussels to merge, on the other hand, seemed to cause little commotion among investors. The Fiat Chrysler stock hardly moved in New York, earlier in the day there was also little movement in the price of PSA in Paris. Peugeot mother PSA would be willing to transfer production capacity from vans to the Japanese Toyota.

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