Wall Street burdened with deadlock in deal corona support US

The stock exchanges in New York showed a printed image on Monday after a higher start. The rough talks about a new support package for the US economy caused restraint.

The Dow-Jones index ended 1.3 percent lower at 28,244 points. The broadly composite S&P 500 was lowered 1.5 percent at 3433 points and Nasdaq tech fair yielded 1.4 percent to 11,508 points.

It is becoming increasingly difficult to negotiate a deal on new corona aid before the elections. According to the Democrats, there remains a disagreement with the Republics about the level of the aid package.

Oil and gas group ConocoPhillips (minus 1.1 percent) takes over its industry partner Concho Resources (minus 0.5%) for 9.7 billion dollars. The deal is handled entirely in stock. The merged company has a value of approximately 60 billion dollars.

Intel would be close to a deal with Korean chipmaker SK Hynix on selling its memory chip division. That would make the American company $10 billion. Intel rose 1.8 percent on the messages and industry mates like Western Digital (plus 9.7 percent) and Micron (plus 3.5 percent) went up.

Boeing was raised by 0.6 percent. American Airlines plans to reinstate its 737 Max aircraft before the end of the year, after approval of the authorities.

Oil service provider Halliburton again suffered losses in the last quarter due to depreciation and job removal costs. Underlying Halliburton performed better than thought and the share received 1 percent.

The Chinese web store giant Alibaba was raised 0.1 percent after a billion-dollar investment in Chinas supermarket group Sun Art Retail. In the end, Alibaba wants to get control of the largest supermarket chain in the Asian country.

The euro stood at USD 1.1781, compared with USD 1.1785 at the lock in Europe. A barrel of American oil cost 0.2 percent more at $40.95. Brent oil fell 0.5 percent in price, to 42.74 dollars a barrel.