Stock Market

Stocks drop in a thinly traded session GE is in the deep since June 2016

US stocks

The U.S. Stocks closed in the bear in the previous session as NASDAQ ends a nine-day rally while investors found a few reasons to push shares into record territories in a thinly traded session.

The U.S. bond markets was closed in observance of Columbus Day, which contributed to the light trading action in equities.

The Dow Jones Industrial Average slipped 12.6 points to have a decrease of 0.1% and was trading at 22,761 after hitting an intraday high of 22,803.37 in the early trading while the S&P 500 was also down by 4.6 points a 0.2$ slip to be traded at 2,545.

The NASDAQ Composite Index was also in negative positions as it lost 10.5 points to trade at 6,580 which is a drop 0.2%, though the tech-heavy index touched an all-time high of 6,599.34 in early trading.

European stocks finished slightly higher, by Spain’s IBES benchmark rallied after last week’s tumble that was sparked by Catalonia edging toward secession. The Independence movement lately has faced counter protests and companies threatening to leave the restive region.

General Electric Co. shares weighed on blue chips, which was down by 3.9% after several high-profile departures under the new Chief executive Officer John Flannery, who is under pressure to reboot the company from activist investor Train Fund Management.

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