U.S. stocks ended sharply lower on Tuesday after Trump called for an end to stimulus talks until after the election. The Dow Jones Industrial Average dropped 375.88 points, or 1.34%, to 27,772.76. The S&P 500 declined 47.66 points, or 1.40%, to 3,360.97. The Nasdaq Composite fell 177.88 points, or 1.57%, to 11,154.60.
Oil futures notched back-to-back gains Tuesday, as investors focused on a strike that’s curtailed Norwegian output and Hurricane Delta, which has led to production disruptions in the Gulf of Mexico. West Texas Intermediate crude for November delivery rose $1.45, or3.7%, to settle at $40.67 a barrel. December Brent crude gained $1.36, or 3.3%, at $42.65 a barrel.
Levi Strauss & Co posted better-than-expected quarterly revenue on Tuesday. Levi said net revenue fell to $1.06 billion from $1.45 billion. Analysts were expecting revenue of $822.3 million, according to IBES data from Refinitiv.
Leave a Reply
You must be logged in to post a comment.