Money Losses contained: Dow closes somewhat weaker

01:25  16 october  2020
01:25  16 october  2020 Source:   finanzen.net

Titans players were 'somewhat shocked' by Steelers game postponement, coach Mike Vrabel says

  Titans players were 'somewhat shocked' by Steelers game postponement, coach Mike Vrabel says The Titans are now on a bye with their Week 4 game against the Pittsburgh Steelers postponed after two more positive COVID-19 tests.Titans coach Mike Vrabel told his team at 8:30 a.m. Thursday that their Week 4 game against the Steelers had been postponed until a yet-to-be-announced date, and that, beginning immediately, they were on their bye week.

— 4:03 p.m. ET: Dow closes at lowest level since May 2017 after Trump says U.S. coronavirus response could last until August. Stocks closed near session lows, with each of the three major indices down at least 11.98%, after President Donald Trump said in a press conference Monday afternoon

The Dow Jones Industrial Average cratered 356 points, bringing its weekly loss total to more than 3,500. Major averages closed in correction territory, down at least 10% since their most Stocks accelerated losses in afternoon trading. The Dow Jones Industrial Average plunged about 950 points.

First of all, dwindling hopes for a quick agreement on another corona stimulus package in the USA as well as significantly increasing corona infections had put pressure on the mood. But apparently some investors were already taking advantage of the recent setback after the previous price rally to get in again.

The latest company figures were received differently. A flourishing trading business in securities brought the US investment bank Morgan Stanley a profit jump in the Corona crisis. Income also increased significantly in the past quarter. Correspondingly, the shares rose by almost one and a half percent.Redaktion finanzen.net / dpa-AFX

Dax continues to slide .
The German stock market continued its previous day's losses on Wednesday. The Dax, which had risen slightly at the opening, crumbled and fell below the 12,700 point mark. © Fredrik von Erichsen / dpa The Dax is the most important stock index in Germany. Most recently, the leading index was down 0.75 percent at 12,641.86 points. The MDax of the 60 medium-sized stocks fell 1.13 percent to 27,381.16 points. The leading Eurozone index EuroStoxx 50 lost around 0.7 percent to 3205 points.

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