US markets break gaining streak; S&P 500, Nasdaq Composite down over 1%; Dow 30 declines by 238 points intraday
US Markets were trading in the red at 1:11 pm ET (10:41 pm IST) with DOW 30 trading at 30,284.80, down by 238.99 points or 0.78%. Meanwhile, S&P 500 was trading at 3,675.12, down by 1.21% and Nasdaq Composite was trading at 10,623.20, down by 1.3%
US Markets were trading in the red at 1:11 pm ET (10:41 pm IST) with DOW 30 trading at 30,284.80, down by 238.99 points or 0.78 per cent. Meanwhile, S&P 500 was trading at 3,675.12, down by 44.86 points or 1.21 per cent and Nasdaq Composite was trading at 10,623.20, down by 149.17 points or 1.38 per cent. The markets were trading with weakness amid the ongoing earnings season. Abbott today reported third-quarter sales of USD 10.4 billion which decreased 4.7 per cent on a reported basis and increased 1.3 per cent on an organic basis, which excludes the impact of foreign exchange, a company release said. The stock reacted sharply falling down by over 8 per cent and was trading at USD 97.585. The results took sheen out of the robust movement of Netflix after the company posted gains in its net subscribers in Q3 results.
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