0930 Financial News: US stock market trending downward after the presidential debate

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1, Dow futures fall 100 points after U.S. presidential debate. U.S. stock futures declined on Tuesday night as traders digested the first U.S. presidential debate. Positive data regarding a potential coronavirus treatment from Regeneron Pharmaceuticals kept the losses in check.  Dow Jones Industrial Average futures were down 101 points, or 0.4%. S&P 500 futures and Nasdaq 100 futures both lost 0.3%.

2, J.P. Morgan settled for an undisclosed amount a lawsuit that accused the firm of “spoofing” trades in the precious metals market.  The suit by hedge fund manager Daniel Shak and two commodity traders accused J.P. Morgan of manipulating the silver futures market, costing plaintiffs $30 million in losses. The bank is also nearing a settlement of $920 million to resolve government investigations for similar alleged conduct in the precious metals and Treasury futures markets, CNBC has learned.

3, TikTok is launching an elections guide in the video-sharing app to give users information about the 2020 U.S. elections to help protect against misinformation, the company said in a Tuesday blog post.

4,Chinese online media firm Sina Corp. is quitting Wall Street as Chinese tech companies come under heightened scrutiny in the United States. The Beijing-based firm is being taken private by its chairman and chief executive, Charles Chao, in a deal that values the company at $2.6 billion, Sina (SINA) said in a statement on Monday.

5,Nokia to become the biggest BT supplier as Huawei kit phased out. The UK government said in the summer that Britain’s mobile phone operators would not be able to buy new Huawei equipment for 5G networks from next year and would need to replace all the kit from the Chinese group that has already been installed by 2027, due to national security concerns.

6,The real estate financial policy is still tightening under the policy of “no speculation in housing”. On September 27, three bankers told the 21st Century Business Herald that a major bank had received a notice that the regulator recently required large commercial banks to reduce the pressure and control the scale of real estate loans such as personal housing mortgage loans. In addition, some banks have reported that the personal mortgage loan line is tight, and some banks have called on customers to consider an early mortgage payoff in order to free up the mortgage line.

By 【Financial and Law Team】

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armor
1 month ago

CCP Virus ,CCP Lied,The world people died.Take down the CCP !
 
The New Federal State of China ! Everything has begun !
 
Action ! Action ! Action !
 
Lah Lah Lah Lah Lah !

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