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Tech & Science Massive sales: Dow Jones closes deep red

23:40  28 october  2020
23:40  28 october  2020 Source:   finanzen.net

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The Dow Jones Industrial Average fell 3.43%, or 940 points, its biggest one-day loss since July 31. By Deena Beasley (Reuters) - Amgen Inc (O:AMGN) on Wednesday said its third-quarter adjusted profit rose 17% due to stronger sales of drugs including the osteoporosis treatment

The Dow Jones industrials reversed slightly higher, even as President Trump continued claims the coronavirus escaped from a lab in China. Dow Jones Closes Higher Despite Trump's Coronavirus Claims, As Energy, Techs Rally.

Wall Street's corona-induced slump continued on Wednesday.

PHILIPPE HUGUEN/AFP/Getty Images © Provided by Finanz.net PHILIPPE HUGUEN / AFP / Getty Images

The Dow Jones showed a loss of 1.31 percent to 27,102.14 meters at the start of trading in the USA. Ultimately, the US leading index expanded its minus further to 3.43 percent and thus 26,520.97 points.

Wall Street's corona-related slump continued on Wednesday at a rapid pace. The technology sector, which had resisted the overall negative trend the day before, also fell significantly this time. Traders spoke of increasing uncertainties about the economic development. Because the ever new records for new corona infections led to increased state closures and restrictions on public life. Consumers are holding back, and companies are rethinking their investments. The economic recovery is stuttering.

Deadline for the discharge law: stockbrokers let Dow Jones start in positive territory

 Deadline for the discharge law: stockbrokers let Dow Jones start in positive territory Slight profits can be seen on Wall Street. © Provided by Finanz.net KAZUHIRO NOGI / AFP / GettyImages The Dow Jones starts 0.18 percent higher at 28,245.85 meters on Tuesday. The main focus is on the "deadline" for negotiations between Republicans and Democrats on a new US economic stimulus package. An agreement must be reached by Tuesday evening in order to work out a discharge law that can be passed before the election, according to the trade.

Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents. Realtime Prices for Dow Jones Stocks. Name. Previous Close . Last.

Dow Futures. First Solar shares surged as much as 13% in pre-market trading on Wednesday after posting a massive jump in third-quarter sales . The solar-panel manufacturer said its sales rose 70% year-on-year in the quarter, and brought back its full-year guidance that was previously withdrawn to

"A month ago, the market was saying that the lockdowns were limited and targeted and therefore had less of an impact on the economy. But now we are seeing concerns that the lockdowns could be broader and have a wider impact," said market strategist Hugh Gimber from JPMorgan Asset Management the mood change. In 36 US states, the occupancy rate of hospitals with corona patients has risen rapidly in the past seven days. In view of the gloomy outlook, it is all the more painful that politicians are not launching another stimulus package in the US, added one market participant.

The current reporting season is taking a back seat due to the concentration on the corona crisis. With Microsoft a heavyweight reported. The software group exceeded the market expectations in the first quarter of the business with profit and sales. However, market observers point to the weaker than hoped outlook for the current second period.

editors finanzen.net / Dow Jones Newswires

Harrison Ford pays tribute to screen father Sean Connery after death .
The 78-year-old actor paid tribute to his screen father Sean Connery after the actor died Saturday at age 90. 'He was my father ...not in life .. but in 'Indy 3',' Ford, 78, said in a statement to Variety published Monday. Connery portrayed Henry Jones Sr in the 1989 sequel Indiana Jones And The Last Crusade.

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