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US Stocks Tumble; Paris Hit by Glitch

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Key Points

  • US and European stock markets were mostly lower Monday as a technical hiccup hit Paris and investors saw dwindling chances of a US stimulus package.
  • Investors remained focused on the chances for more US fiscal stimulus ahead of the November 3 presidential election as President Donald Trump trails far behind his Democratic challenger, former vice president Joe Biden.
  • In New York, the broad-based S&P 500 index lost 1.6 percent.
  • Visit The Financial Today’s homepage for more stories.

NEW YORK — US and European stock markets were mostly lower Monday as a technical hiccup hit Paris and investors saw dwindling chances of a US stimulus package.

Following three hours of technical problems, Euronext annulled all trades after 5:30 pm (1530 GMT), meaning the Paris benchmark CAC 40 index closed 0.14 percent higher, rather than 0.1 percent lower as originally calculated. 

“Because of these issues, Euronext has decided to cancel all the trades that occurred after 5.30 pm… on all asset classes, except commodities,” the operator tweeted.

Frankfurt slipped by 0.4 percent, and London lost 0.6 percent as sterling rose, which weighs on the share prices of multinationals earning in dollars.

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