Wall Street collapses with focus on first debate Biden and Trump

The stock exchange in New York stock exchanges were a little further in the red on Tuesday halfway through the day. Investors on Wall Street are especially looking forward to the first major TV debate between US President Donald Trump and his Democratic Challenger Joe Biden to be held in Cleveland, Ohio. They also keep an eye on developments around the coronavirus.

In addition, developments around the coronavirus are monitored. The number of people who died worldwide as a result of the virus has crossed the limit of one million. In the United States, most of the victims (almost 205,000) have been casualties. Most of the infections have also been detected in the US: over 7.1 million.

The Dow-Jones index was 0.7 percent lower at 27,394 points around 19:30 (Dutch time). The broadly composite S&P 500 fell 0.6 percent to 3332 points and tech fair Nasdaq was reduced by 0.3 percent to 11,083 points.

The number of people who died worldwide as a result of the coronavirus has crossed the limit of one million. The United States has both the most infections and the most deaths of all countries. However, consumer confidence figures showed a sharp increase.

Uber Technologies turned in 2.6 percent. The taxi company would be looking for the purchase of Free Now, the car sharing service of German car manufacturers Daimler and BMW. With the purchase, the company would significantly increase its market share in Europe and Latin America. On Monday it was announced that Uber will get his taxi license back in London.

French luxury group Louis Vuitton Moët Hennessy (LVMH) is bringing its own lawsuit against the US jewellery chain Tiffany because of the failed takeover deal worth more than $16 billion. LVMH accused Tiffany of poor management during the coronacrisis. Tiffany, in turn, previously brought a case against LVMH to allow the acquisition to continue. The shares of the jewellers chain fell a fraction in value.

JPMorgan Chase was fined $920 million for market manipulation in metal and US government bond trading. The bank therefore put a loss in the books and dropped 0.8 percent.

Creator of meat substitutes Beyond Meat rose 9.3 percent. The citizens of the company will be on the shelves at more Walmart stores. Tesla thickness 1.2 percent. The Canadian branch of Walmart ordered more Tesla Semi trucks from the maker of electric vehicles.

The euro stood at USD 1.1736, against USD 1.1721 at the closing bell in Europe. A barrel of American oil cost 4 percent less at 38.99 dollars. Brent oil fell 3.8 percent in price to 40.85 dollars a barrel.