On Monday the S&P 500 and Dow Jones Industrial Average ended weaker while shares of large bank institutions dropped broadly. Concerns of a deluge of corporate earnings announcements beginning this week and growing geopolitical anxieties also discouraged investor risk appetite.
The S&P 500 pulled back 0.4 percent to 2,755.88 as the financial sector dropped 2.1 percent.
The 30-stock Dow dropped 126.90 points to 25,317.40, driven by declines in Goldman Sachs. The Nasdaq Composite, though, increased 0.3% and ended at 7,468.35 while Apple and Amazon increased 0.6% and 1.3%, each. Monday too recorded the 4th continuous day of declines for the S&P 500.
Sterling seems bearish because of Brexit?
Daily Analysis - 23/10/2018