The Dow Jones Industrial Average projected a 193-point decline in pre-market hours as earnings season kicked off today. Citigroup Inc. (NYSE: C) began the festivities with a dismal report, pushing the financial sector into the red.
In addition, investors remain concerned about an economic slowdown in China. Over the weekend, Chinese exports reported a record drop of 4.4% over the last year – the largest drop since 2017.
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Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 23,995.95 -5.97 -0.02% S&P 500 2,596.26 -0.38 -0.01% Nasdaq 6,971.48 -14.59 -0.21%
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The Top Stock Market Stories for Monday On Monday, the government shutdown entered its fourth week without any end in sight. U.S. President Donald Trump continues to demand that Congress fund a border wall between the United States and China. Negotiations remain stalled – no talks are scheduled for this week between the White House and members of Congress. Roughly 800,000 federal workers missed their first paycheck on Friday due to the shutdown, and federal unions have sued the government for forcing employees to work without pay. In Miami, officials shut a terminal at