Stocks fall, dollar gains after Trump gets coronavirus | Malay Mail

TradeThe main US stock indexes fell but regional ones in Europe ended slightly higher after an initial sell-off on the Trump news. — Reuters pic

Gold posted its best week in eight even after paring gains, while the yen advanced sharply before also retreating a bit. Yields on the 10-year US Treasury note rose slightly, stuck in a narrow trading range it has held for three weeks. Trump is experiencing mild symptoms but will keep working after testing positive, administration officials said.

On Wall Street, the Dow Jones Industrial Average fell 0.48 per cent. The S&P 500 lost 0.96 per cent and the Nasdaq Composite dropped 2.22 per cent, with market leaders Apple Inc, Microsoft Corp and Amazon.com the heaviest drags. The Labour Department’s closely watched employment report yesterday was the last before the presidential election.

But both Arone and Steven Ricchiuto, US chief economist at Mizuho Securities USA in New York, said the loss of government jobs, mostly seasonal in education, pulled numbers lower while the private sector’s gains were above overall expectations.

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