Midday Market Update: The Dow Jones falls more than three hundred points; Virgin Galactic jumps from the trap

In the middle of Thursday’s session, the Dow Jones was trading 0. 97% at 34,056. 76 while the NASDAQ fell 0. 09% to 14,499. 45.

The United States has the number of coronavirus cases and deaths in the world, reporting a total of 43,349,440 cases with an estimated 695,110 deaths. India has shown a total of at least 33,739,980 cases and 448,060 deaths, while Brazil has reported more than 21,399,540 cases of COVID-19 with 596,120 deaths. Overall, there have been at least 233,286,300 cases of international COVID-19 with more than 4,774,570 deaths, according to knowledge compiled through Johns Hopkins University.

CarMax, Inc. (NYSE: KMX) on Thursday reported weaker-than-expected earnings for its quarter.

CarMax reported adjusted quarterly earnings of $1. 72 consistent with participation, without analysts’ estimates of $1. 89 consistent with participation. The company’s quarterly sales were $7. 99 billion, with expectations of $6. 85 billion.

 

Trade on the rise

Shares of Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) fell 29% to $1. 36 after the company announced that the $8 million public provided non-unusual stock and collateral.

Shares of Volta Inc. (NYSE: VLTA) fell 26% to $ 8. 33. Volta announced two new patents for inventions in charging stations for electric vehicles.

Bathroom in bed

European equities fell most frequently today: the eurozone’s STOXX 600 gained 0. 07%, Spain’s Ibex index fell 0. 7% and Germany’s DAX 30 fell 0. 45%, while London’s FTSE 100 fell 0. 18%, France’s CAC 40 fell 0. 38% and Italy’s FTSE. MIB fell 0. 05%.

Germany’s unemployment rate stood at 3. 6% in August, unchanged from the lowest point in 16 months. The annual inflation rate in France rose to 2. 1% in September from 1. 9% in August, while retail sales in Spain fell 0. 9% from a year earlier. in August.

The economy

The U. S. Economy USA It grew at a quarterly rate of 6. 7% in the quarter.

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