US equity markets closed out the week in the red as investors contemplated weak third quarter gross domestic product (GDP) figures out of China and a solid start to the third quarter corporate earnings season - Dow fell -256-points or -0.95% Boeing Co tumbled -6.79% after a Reuters report said that internal messages suggest the company misled federal aviation authorities about the safety of the 737 Max jet. Boeing is slated to report its third quarter result before the opening bell on Wednesday night AEST (23 October). Johnson & Johnson slumped -6.22% after the consumer products and drug company said it was recalling “a single lot” of Johnson’s Baby Powder after tests revealed traces of chrysotile asbestos. The broader S&P500 lost -0.39%, with Information Technology (down -0.91%) leading seven of the eleven primary sectors lower. The NASDAQ fell -0.83%. Harley-Davidson Inc (down -0.35%) is resuming production and deliveries of its first electric motorcycle about a week after it told dealers it was halting production due to a problem related to charging. The company said that the unidentified problem it found on one motorcycle was a "one-off" situation. For the week, the Dow slipped -0.17%, while the S&P500 gained +0.54% and the Nasdaq +0.4%.
