Wall Street in the red ahead of Trump-Biden's first debate

Wall Street in the red ahead of Trump-Biden's first debate

Wall Street in the red ahead of Trump-Biden's first debate

(Reuters) – Major Wall Street indexes fell on Tuesday, despite strong data on consumer confidence in the US ahead of the first round of presidential debates.

“At the end of the month, most of the rebalancing is behind us and the focus is on the debate,” said Thomas Hayes, chairman of Great Hill Capital LLC in New York.

U.S. President Donald Trump and Democratic presidential candidate Joe Biden will hold the first hour and a half televised debate Tuesday night in Cleveland, Ohio, five weeks before the election. Investors will assess how the debate will affect the candidates' chances of winning the November elections.

Consumer confidence in the US jumped to 101.8 points in September, while analysts had expected a reading of 89.5 points.

By 18:29 Moscow time, the Dow Jones index fell by 0.54% to 27.434.46 points, the S&P 500 index dropped 0.36% to 3.339.59 points, and the Nasdaq – 0.05% to 11.112.23 points.

(Devik Jane and Shreyashi Sanyal in Bangalore, translated by Olga Devyatiarova. Editor Marina Bobrova)

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