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The US Stock Market Closed Lower
The US stock market closed lower yesterday. This deepened its loss from the previous day as negotiations on another economic stimulus package in Washington stagnated.
Yazar: Tom Roberts
Yayınlanma: 16 Ekim 2020 01:25
Güncellenme: 7 Kasım 2024 14:22
The US Stock Market Closed Lower
The US stock market closed lower yesterday. This deepened its loss from the previous day as negotiations on another economic stimulus package in Washington stagnated. In particular, shares of companies that are dependent on consumer spending, shares of banks, technology and telecommunications companies were sold out. Bank of America fell 5.3 percent and financial institution Wells Fargo lost 6 percent. The S&P 500 depreciated 0.7 percent to close at 3,488.67 points, the Dow Jones industrial index fell 0.6 percent to 28,514 points, and the technology Nasdaq fell 0.8 percent to 11,768.73 points. The Russell 2000 index of smaller companies also weakened, by 0.9 percent to 1,621.5 points. Asian stock markets followed US developments and fell after hopes of new economic stimulus were approved ahead of the US presidential election on November 3. Tokyo's main Nikkei 225 index fell 0.5 percent to 23,510.15 points and Hong Kong's Hang Seng weakened 1.1 percent, but China's Shanghai Composite gained less than 0.1 percent.İLGİLİ HABERLER
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