New York, NY (BBN)– US stocks got off to a weak start on the first day of trading in the fourth quarter with all the main indexes closing lower.
The Dow Jones Industrial Average, which fell sharply in the first few minutes of trade, recovered some of its losses to close 0.3 per cent lower at 18,253.85, reports BBC.
Meanwhile, the more tech-heavy Nasdaq lost 0.2 per cent to 5,300.87 and the broader S&P 500 index fell 0.3 per cent to 2,168.27.
Healthcare and consumer goods were hardest-hit, with Pfizer falling 0.6 per cent.
Rival pharmaceutical firm Procter & Gamble shed 1.2 per cent.
Last week, investors were rattled by woes at Deutsche Bank, amid concerns over the troubled lender’s financial health.
On Monday, the bank’s shares were not trading in its native Germany because of a public holiday, but its New York-listed stocks were down more than 2.0 per cent.
On the upside, reports that Netflix was being eyed as a possible acquisition by Disney pushed its shares 4.1 per cent higher. Twitter shares also jumped over 4.0 per cent on speculation that it too could be in the sights of Disney.