Averages sink as Deutsche weighs on bank stocks
2016-09-26 10:10:46
The major averages are extending Friday's slide in early trading, with renewed worries about European banks stoked by the big fine Deutsche Bank (DB) may face in the U.S. and assertions by German Chancellor Angela Merkel that the company's home government will not provide financial aid for the bank. Also raising uncertainty, which is always a negative for markets, is the specter of tonight's first presidential debate between Republican nominee Donald Trump and the Democratic candidate Hillary Clinton. About 15 minutes into the session, the Dow is down 139 points, the S&P is…
The major averages are extending Friday's slide in early trading, with renewed worries about European banks stoked by the big fine Deutsche Bank (DB) may face in the U.S. and assertions by German Chancellor Angela Merkel that the company's home government will not provide financial aid for the bank. Also raising uncertainty, which is always a negative for markets, is the specter of tonight's first presidential debate between Republican nominee Donald Trump and the Democratic candidate Hillary Clinton. About 15 minutes into the session, the Dow is down 139 points, the S&P is down 14 points and the Nasdaq is down 40 points.