Here’s what happened on Wall Street Thursday, Oct. 12.
The three major U.S. indices all tracked lower Thursday morning shortly after the opening bell. However, the Dow Jones Industrial Average and Nasdaq were able to regain their footing by the afternoon session and trade in the green. But all three indices ended up closing in the red Thursday.
The Dow and Nasdaq fell 0.14% and 0.18% respectively, while the S&P 500 tracked 0.17% lower.
Closing Factory Will Affect 1,500 GM Workers
General Motors (GM) is considering temporarily shuttering its factory in Detroit due to low demand, the Wall Street Journal reported, citing sources. The move would potentially affect 1,500 workers.
The factory manufactures the Buick LaCrosse, the Cadillac CT6, the Chevrolet Volt and the Chevrolet Impala. The plant will produce 20% fewer vevhicles when it resumes production in 2018.
Equifax Removes Infected Webpage After Hackers Use it to Spread Malware
Equifax is investigating another potential hack after an independent security analyst happened to stumble upon a page on the company’s website that was attempting to spread malware.
News of another potential breach of the company’s network sent the company’s stock down more than 3%. Equifax has pared some of its losses, but shares are still trading nearly 2% lower.
Only 3 of 65 Antivirus Programs Recognized Equifax Malware
Hackers apparently aren’t done with Equifax (EFX) .
An independent security analyst visited Equifax’s website to contest information on his credit report when he saw a pop up for an update for his Adobe Flash system.
However, the link really was designed to install Adware on his computer, Ars Technica reported. A video of his ordeal can be viewed below.
U.S. Team’s Failure Could Hurt Fox the Most
The U.S. Men’s National Soccer Team’s failure to advance to the World Cup could be especially costly to Fox (FOXA) after the broadcast company paid $200 million for the…