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US stocks fall with Brexit vote in focus

Economies.com
2019-10-18 15:20PM UTC

US stocks fell today trading amid wide anticipation in the global markets for the the British parliament's voting session tomorrow on the draft Brexit deal that was reached with the EU.

 

British PM Boris Johnson urged the British lawmakers to pass the deal in order to move on to other priorities such as improving the standards of living for the British people.

 

Otherwise, Chairman of the Federal Reserve Bank of Dallas, Robert Kaplan, said that business investments has declined but the labor market is still strong, and noted that he has supported the tow rate cut for this year.

 

The US companies continued to report their earnings results for the third-quarter, as Coca-Cola posted robust profits that beat Wall Street estimates.

 

To the stock market, as Dow Jones was lower by 0.2% or 70 points to 26,959 as of 15:18 GMT, Nasdaq shed 0.5% or 37 points to 8,119, and S&P 500 fell by 0.2% or 7 points to 2,990.

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