The Stock Markets in New York Stayed Close to Home on Tuesday

The Stock Markets in New York Stayed Close to Home on Tuesday

The stock markets in New York stayed close to home on Tuesday, after Monday’s good price gains.


Investors on Wall Street are especially looking forward to the first significant TV debate between US President Donald Trump and his Democratic challenger Joe Biden to be held in Cleveland, Ohio.

The Dow Jones index recorded 0.1 percent lower after a few minutes at 27,549 points. The broadly composed S&P 500 fell a fraction to 3350 points, and tech exchange Nasdaq was put 0.1 percent higher at 11,130 points.

Shortly after the start of the trading day, figures will be reported by the Conference Board research firm about US consumer confidence in September. Furthermore, the developments surrounding the coronavirus are followed. The number of people worldwide who have died as a result of the virus has passed the one million mark.

Uber Technologies was down 1.1 percent. The taxi company would like to purchase Free Now, the car-sharing service of the German car manufacturers Daimler and BMW.

With the purchase, the company would significantly increase its market share in Europe and Latin America. On Monday it was announced that Uber would get its taxi license back in London.

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