AllMarket Update
logoArgusOctober 26, 2020

Market Update: CHKP, DOW, LVS, NJR, SIVB, UTHR, VLO, AAL, DOW

Sector(s)
Utilities, Financial Services, Basic Materials, Energy, Technology, Healthcare, Industrials, Consumer Cyclical
Summary

Stocks fell sharply on Monday morning amid continued election uncertainty and rising coronavirus cases in the U.S. and Europe. New home sales data was also weak. The Commerce Department said that U.S. new home sales fell 3.5% to a seasonally adjusted 959,000 units in September, below the Reuters consensus of 1.025 million. The Dow fell 2.0%, the S&P 1.6%, and the Nasdaq 1.1%. Crude oil traded near $38.50 per barrel, while gold rose $3 to $1908 per ounce.

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