A late rally didn’t jolt markets enough. The Dow and the S&P 500 declined 1.4% and 2.2%, respectively, for October, marking the first three-month losing streak for both indexes since March 2020. The tech-heavy Nasdaq, meanwhile, fell 2.8% for October, also notching its third consecutive negative month. But maybe there’s some hope for investors. November has historically been a strong month for markets.
The drop comes as the company forecasts a fourth-quarter loss — and as the airline prepares this week to, saying the proposed $3.8 billion all-cash purchase, which would create the fifth-largest airline in the country, will “increase fares and reduce choice on routes across the country.” JetBlue, for its part, says it needs to grow to compete with other giant carriers.
5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. Read more ⮕
Ordinance closing Hammond gas stations in early morning hours takes effect WednesdayGas stations in Hammond, Indiana will have to close from midnight to 5 a.m. as of Wednesday. Read more ⮕
Donald Trump Jr. scheduled to testify Wednesday in civil fraud trialThis is additional taxonomy that helps us with analytics Read more ⮕
Donald Trump Jr. set to testify Wednesday in New York fraud trialThree adult Trump children are expected to testify in the coming days, in addition to Donald Trump himself. Read more ⮕
Wednesday’s Time ScheduleWednesday’s Time Schedule Read more ⮕
Seattle weather: Soggy rain train returns WednesdayThe rain train returns Wednesday afternoon. Prepare for times of heavy rain! Read more ⮕
