- The Dow Jones Industrial Average lost 105.07 points, or 0.35%.
- The S&P500 dropped 29.43 points, or 0.79%.
- The Nasdaq Composite fell 243.82 points, or 1.94%.
A lack of progress of US economic stimulus and Brexit talks have weighed on investor sentiment a drop in Facebook shares provided an additional weight.
The US covid relief package to help buttress the economy remains elusive while the COVID-19 pandemic spreads and related lockdowns are expected to anchor an economic recovery.
The US Senate Majority Leader Mitch McConnell stated that lawmakers are still looking for a path toward an agreement on COVID-19 aid, as the US House of Representatives prepared to vote on a one-week funding bill to provide more time for a deal.
Meanwhile, the Dow Jones Industrial Average fell 105.07 points, or 0.35%, to 30,068.81, the S&P500 lost 29.43 points, or 0.79%, to 3,672.82 and the Nasdaq Composite dropped 243.82 points, or 1.94%, to 12,338.95.
Prior to these performances, positive updates on the COVID-19 vaccine development along with hopes for a fresh fiscal stimulus package had sent the benchmarks to all-time highs. The S&P 500 was surpassing 3,700 points for the first time on Tuesday.
Brexit crunch time talks
Meanwhile, on the Brexit front, UK Prime Minister Johnson and EU President von der Leyen are meeting in Brussels and, if progress can be made, the talks will continue in coming days.
''Agreement between the two parties on the Northern Ireland protocol is a positive development and might help build trust, which is in short supply and overshadowing level playing field discussions,'' analysts at ANZ bank explained.
''For the UK, EU recognition (in particular France) that UK coastal waters are sovereign is absolutely fundamental to agreeing a transition period for fishing quotas. But it is unlikely that the meeting will result in an agreement ahead of the EU Summit tomorrow. At best, an improvement in the mood is likely with the ultimate deadline for a deal being 31 December.''
|Today last price||3662|
|Today Daily Change||-40.50|
|Today Daily Change %||-1.09|
|Today daily open||3702.5|
|Previous Daily High||3705.25|
|Previous Daily Low||3666|
|Previous Weekly High||3694.5|
|Previous Weekly Low||3595.25|
|Previous Monthly High||3674.5|
|Previous Monthly Low||3277.25|
|Daily Fibonacci 38.2%||3690.26|
|Daily Fibonacci 61.8%||3680.99|
|Daily Pivot Point S1||3677.25|
|Daily Pivot Point S2||3652|
|Daily Pivot Point S3||3638|
|Daily Pivot Point R1||3716.5|
|Daily Pivot Point R2||3730.5|
|Daily Pivot Point R3||3755.75|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.