The Wall Street Journal noted that investors fear the consequences of the pandemic.
Key indexes on the New York stock exchange on Thursday at the beginning of the session declined due to investor concerns about the situation with coronavirus spread.
According to the information posted on the trading platform’s website, the Dow Jones industrial average fell by 259.23 points (-0.91%) to 28 254,77. The S&P 500 index, which includes the 500 largest US companies, fell 32.50 points (-0.93%) to 3 456,17. The Nasdaq electronic exchange index fell 119.67 points (-1.02%) to 11 649,06.
The price of November futures for WTI crude oil fell by 3.27% to $39.70 per barrel. Gold futures fell 0.47% to $1 898,10 a Troy ounce.
As The Wall Street Journal noted, quotes went down, and investors began to invest in government bonds in conditions when the situation with the spread of coronavirus is deteriorating in Europe. The situation on the labor market in the United States does not inspire optimism. The situation on the market is affected by the upcoming presidential elections. “We are seeing problems with getting a vaccine, and in general, market participants are pessimistic about the spread of coronavirus,” the newspaper quoted Jim McCormick, head of global strategy at Natwest Markets Bank, as saying.