US stocks end slightly lower after rejection of Brexit deal

Economies.com
2019-10-22 22:48PM UTC

US stocks settled slightly lower today after the British parliament voted against the British Prime Minister Boris Johnson timetable for the UK's exit deal from the European Union.

 

Additionally, McDonald shares lost around 5% after it released a disappointing earnings reports, which weighed down on Dow Jones.

 

The British House of Commons voted today against Johnson's Brexit deal timetable despite an initial approval, to end another tortuous chapter in the Brexit saga that was full of optimism about Johnson government's efforts to implement the UK's exit from the EU in orderly fashion.

 

Thus, Johnson now have only two options, whether to request another deadline extension from the EU until January 2020, or to call for early general elections in December.

 

To the oil market, as WTI jumped by 1.6%, and closed at $54.16 a barrel, with  session-high of $54.6 and a low of $53.1.

 

Brent surged 1.3% to settle at $59.70 a barrel, with a high of $60.2 and a low of $58.7.

 

Dow Jones slipped 0.1% or 39 points to close at 26,788 points, with an intraday high of 26,946 and a low of 26,782.

 

Nasdaq shed 0.7% or 58 points to 8,104, with a high of 8,194 and a low of 8,101.

 

S&P 500 fell by 0.3% or 10 points and settled at 2,996, posting a session-high of 3,014 and a low of 2,995.

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