Deutsche Bank Sinks 5% on Layoff News

Deutsche Bank Sinks 5% on Layoff News

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Monday, July 8. Major U.S. stock indexes declined, with the Dow Jones Industrial Average down 0.4%, the S&P dropping 0.5% and the NASDAQ Composite off 0.8%. Deutsche Bank fell more than 5% after announcing that the company will reduce its global headcount by nearly 20,000 employees. Also making headlines, Procter & Gamble unveiled its new Zevo bug control product offerings. Unlike Johnson & Johnson’s Raid, Zevo’s active ingredients are “bio-selective” and approved for use around children and pets.

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