Morning Report 21 Oct 19: ASX 200 set for a softer start to a new week

US sharemarkets fell on Friday by up to 1%. Shares in Johnson & Johnson fell by 6.2% after recalling baby powder products. Boeing fell by 6.8% on wire reports that it misled the Federal Aviation Administration. Shares in American Express lost 2% despite betterthan-expected earnings. The Dow Jones lost 256 points or 1.0% and finished near session lows. The S&P500 index fell by 0.4% with the Nasdaq down by 67 points or 0.8%. Over the week the Dow lost 0.2% but the S&P500 rose 0.5% and the Nasdaq rose by 0.4%.

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