US stocks plummet

11 months ago

Key US indices collapsed by 5-6% due to concerns about the increase in the spread of coronavirus.

The Dow Jones Industrial Average fell 1.861.82 points (-6.9%) to 25,128.17. The NASDAQ technology companies index fell 527.62 points (-5.27%) to 9,492.73. The S&P 500, which includes the 500 largest companies, fell 188.04 points (-5.89%), to 3,002.1.

According to The Wall Street Journal, the largest drop was recorded by banks and equipment manufacturers. Bank of America shares fell 10%, Caterpillar special equipment manufacturer fell 8.2%, and aerospace giant Boeing fell 16%.

According to Johns Hopkins University, the number of cases of coronavirus in the United States has exceeded two million, and the death toll has exceeded 111 thousand. In the states from Florida to California, from Arizona to Texas, an increase in cases of coronavirus is recorded after the restrictions are lifted.

Earlier it was reported that key US indices closed at the close of trading on Wednesday in different directions. Dow Jones decreased by 282.31 points (-1.04%), to 26,999.99. NASDAQ added 66.59 points (+ 0.67%) and for the first time reached 10 020.35. S&P 500 lost 17.04 points (-0.53%), up to 3,190.14

Leave a Comment