US Stocks Open Lower; Dow Tumbles 400 Points

U.S. stocks traded lower this morning, with the Dow Jones dropping around 400 points on Friday.


Leading and Lagging Sectors


Health care shares fell by just 0.7% on Friday.


In trading on Friday, energy shares dipped by 6.5%.


Top Headline


The S&P Global services PMI climbed to 49.2 in September from 43.7 in the prior month, while manufacturing PMI rose to 51.8 in September from 51.5 in August.


Equities Trading UP

 

 

 

Equities Trading DOWN

 


Also check out: Why Fear Level Among US Investors Is Increasing


Commodities

In commodity news, oil traded down 5.5% to $78.90, while gold traded down 1.7% at $ 1,652.50.


Silver traded down 3.6% to $18.92 on Friday while copper fell 3.9% to $3.3375.


Euro zone


European shares were lower today. The eurozone’s STOXX 600 fell 2.2%, London’s FTSE 100 fell 2.3% while Spain’s IBEX 35 Index fell 2.5%. The German DAX dropped 1.9%, French CAC 40 fell 2.4% and Italy’s FTSE MIB Index fell 3.1%.


The S&P Global Flash Eurozone services PMI declined to 48.9 in September from 49.8 in August, while manufacturing PMI slipped to 48.5 from 49.6. The S&P Global Flash Eurozone Composite PMI dropped to 48.2 in September from August’s reading of 48.9.

 

Economics

 

 


Check out this:
US Stocks Settle Lower For Third Consecutive Session Amid Low Volatility


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 97,795,720 cases with around 1,080,830 deaths. India confirmed a total of at least 44,558,420 cases and 528,440 deaths, while France reported over 35,050,130 COVID-19 cases with 154,850 deaths. In total, there were at least 619,319,370 cases of COVID-19 worldwide with more than 6,537,030 deaths.

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