U.S. stock exchanges closed lower in anticipation of inflation data
Major U.S. stock indexes closed lower
on the eve of the release of inflation data in the United States for
in October. According to analysts' forecasts, its growth rate could become
record for the last 31 years. At the end of trading the Dow Jones fell by 0.038%,
The S&P 500 was down 0.45 percent and the NASDAQ was down 0.68 percent.
Corporate news also added to the downside. In particular, the value
broker RobinHood yesterday dropped more than 3% after
information that the personal data of about 5 million of its clients
in the hands of an unscrupulous person. The shares of PayPal
plummeted 10.7% in its third-quarter financial report, which came in below expectations.
third quarter, which came in below expectations.
On top of that, some analysts changed their estimates
of its shares to the downside.
General Electric gained 4.7% on news that it is considering
that it is considering a split into three companies engaged in
different sectors of the economy, both in the energy industry and in
aviation and health care.