Third straight day of losses for US stocks

US stocks posted their third straight day of losses yesterday, with every day of thirdquarter earnings season so far ending in the red. Pharmaceutical and biotech names made up the bulk of the SP 500s worst performers of the day, with Vertex Pharmaceuticals at the bottom of the pile with a 20.7 loss after announcing it is stopping the development of a key experimental liver drug. United Airlines was also amongst the worst performers, closing the day 3.8 lower in reaction to the 1.8bn loss it reported in its earnings report after the market closed on Wednesday.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:




Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Jeff Bezos sells more than 3bn in Amazon stock

Amazon founder and CEO Jeff Bezos has sold more than $3bn worth of Amazon stock, after the company's share price surged 36% in the...

Time change in USA AMarkets

Due to the switch to winter time in the upcoming holidays 31 October 01 November in USA trade hours for some instruments are...

Nine out of 10 UK households recycle regularly, study shows

Nearly nine out of 10 UK households say they "regularly recycle", with more prepared to further change their lifestyles to help the environment, research...

Teesdale’s precious slopes of arctic flora: Country diary, 10 April 1970

DURHAM: Leaving the hedgerowed landscapes far behind, the road finally rose beyond Langdon Beck and even the thin shelter of the stone dikes to...

A GBP4bn UK ‘mini Tesla’ choosing to list stock in US is worrying

Right on cue, here comes a GBP4bn stock market listing of a young and exciting UK electric vehicle company - a mini Tesla, if...