The market fell dramatically on Monday, extending its three-week loss streak, as stocks were affected by new cases of coronavirus, a drop in generation actions, and the stagnation of stimulus talks in Congress.
The Dow Jones industrial average fell by 1. 9% to around 500 issues on Monday, while the S
Stocks reduced some losses in the last trading hours, but the S
Market confidence was affected after the US and Europe saw a resurgence of coronavirus cases over the weekend: the UK would make some other blockade, while countries like France and Spain saw an alarming buildup of new infections.
Fears that a momentary wave of coronavirus could lead to new government restrictions and closures have sunk the actions of corporations that would gain advantages from a reopening economy, adding airlines, cruise ships and shops.
Actions have also declined due to uncertainty surrounding the upcoming coronavirus stimulus bill, which may be more confusing after the death of Supreme Court Justice Ruth Bader Ginsburg this weekend.
Trump has said he will appoint ginsburg’s seat until Friday or Saturday: this can provoke a hot debate between Democrats and Republicans in Washington, meaning an agreement on a new coronavirus relief bill is now more unlikely than ever before November. Choice.
Bank stocks fell sharply, led by the actions of Deutsche Bank and JPMorgan Chase, after an investigation through BuzzFeed and the International Consortium of Investigative Journalists revealed that several global banks had transferred illicit funds. More than $2 trillion in transactions were reported between 1999 and 2017. through bank internal compliance officers such as imaginable cash laundering or other illegal activity, he found the investigation.
Shares of electric vehicle manufacturer Nikola fell 20% after the company said founder Trevor Milton voluntarily resigned as executive chairman. The resolution comes after Nikola was accused of fraud through a brief corporate promotion Hindenburg Research, and the SEC and the Department of Justice are recently investigating. at General Motors, which recently bought an 11% stake in Nikola, fell by almost 5% for the news.
The 3 primary averages recorded a direct third week of losses last Friday, their longest weekly losses since 2019. Technology stocks have continued to struggle in recent weeks, dragging the market down and causing a liquidation, so in September, a month traditionally volatile for markets.
Shares fall for the third consecutive week as generation sales continue (Forbes)
Republicans oppose the Bill of Democratic Spending as the government closes above Number 41 Forbes at number 40;
Actions will be affected by coronavirus wave, wall street corporation warns
A crushing victory and a divided congress are the objectives of the actions, but this is what would kill the markets after election night.
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I’m a New York-based journalist covering billionaires and their wealth for Forbes. Previously, I worked on the newest news team in forbes, coverage and markets.
I’m a New York-based journalist covering billionaires and their wealth for Forbes. Previously, I worked on Forbes’ newest news team, covering cash and markets. Before that, I wrote about making an investment for Money Magazine. I graduated from the University of St Andrews in 2018, specializing in foreign relations and fashion history. Follow me on Twitter at skleb1234 or email me at sklebnikov@forbes. com