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10/21, 2:06 PM (Source: TeleTrader)
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US markets turn red ahead of session

Major stock markets in the United States moved to negative territory ahead of the trading session on Wednesday, suggesting Wall Street will open in the red later today. Economic concerns are mounting, as the White House is still trying to reach a deal with the Democrats on providing additional stimulus before the election day.

In business news, Verizon Communications and Abbott Laboratories reported their financial results for the third quarter of the year, while Snap and Nikola Motors extended gains in the premarket after positive news.

The Dow Jones lost 0.12% at 8:04 am ET, while the Nasdaq 100 dropped 0.26%. A minute later, the S&P 500 declined 0.17%. Meanwhile, the euro gained 0.24% against the dollar to sell for $1.18509.

Breaking the News / ND