Investing.com - Financial Markets Worldwide
⚠ Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

NewsBreak: Stocks Stumble on Weak Economic, Trade Worries

Published 10/31/2019, 03:05 PM
Updated 10/31/2019, 03:10 PM
© Reuters.
NDX
-
US500
-
DJI
-
BA
-
CAT
-
MMM
-
AAPL
-
WBA
-
IXIC
-

Investing.com - Stocks were suffering a Halloween slump as trade and economic worries took over markets.

  • The Dow Jones industrials were off 0.91% at 3 PM ET (19:00 GMT). The blue chips had fallen as many as 266 points. The S&P 500 was down 0.66%, and the Nasdaq Composite dropped 0.47%.

  • The Dow was pulled down by weakness in Walgreens Boots Alliance (NASDAQ:WBA), Caterpillar (NYSE:CAT) and 3M (NYSE:MMM). Boeing (NYSE:BA) was off 1.7% and subtracted 35 points from the Dow by itself.

  • Apple (NASDAQ:AAPL), up 1.8% after reporting better-than-expected fourth-quarter results was the Dow leader, adding 28 points to the index. It contributed 13.4 points to the Nasdaq 100 Index. The index, however, was down 0.24%.

  • The slump was set off by a Bloomberg News report suggesting China may well resist signing a comprehensive trade deal. The Chicago Purchasing Managers Index fell 43.2 for October, its lowest level since Dec. 2015. Oil prices also fell, and gold jumped as many investors sought safety.

    Latest comments

    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.