Stocks sink on Wall Street as virus cases continue to spread

  • 📰 AP
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stocks open sharply lower on Wall Street as virus cases spread and as European countries move toward imposing more restrictions. Crude oil prices fell sharply on expectations that demand for energy would weaken even more.

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy.

France’s CAC 40 dropped 3.5% in early trading to 4,565.93, while Germany’s DAX dropped 3.3% to 11,663.00. Britain’s FTSE 100 lost 2.3% to 5,595.22. U.S. shares were poised for declines, with Dow futures down 1.7% at 26,893.0, while S&P 500 futures were trading at 3,335.38, down 1.5%. Policymakers in Europe “must choose between low unemployment or low COVID transmission rates. Unfortunately, they are now left dealing with the most sensitive currency of them all, people’s lives,” Stephen Innes of Axi said in a report.

Japan’s benchmark Nikkei 225 fell 0.3% to 23,418.51. South Korea’s Kospi gained 0.6% to 2,345.26. Australia’s S&P/ASX 200 rose 0.1% to 6,057.70. Hong Kong’s Hang Seng shed 0.3% to 24,708.80, while the Shanghai Composite gained 0.5% to 3,269.24.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

cramerbubble

The latest of many economic indicators to suffer from trump's incompetence. TrumpVirusCatastrophe VoteBidenHarris2020

good

NBC29 WE NEED MORE FALSE POSITIVES! GOT TO KEEP THE SCAM GOING FOREVER!

realDonaldTrump is running our country's economy like his own businesses: into the ground.

The Trump2020 National Debt, Jobs and Covid Scorecard with (6) days left before Election: TrumpVirus VoteBlueToSaveAmerica TrumpLiedAmericansDied

232,101 dead and counting. Let us never forget or forgive Trump's virus denial- PLEASE VOTE 1/22 We have it totally under control. 2/28 this is their new hoax 6/17 It’s fading away 6/18 Numbers are starting to get very good 7/19 It’s going to disappear 8/3 It’s under control

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cruise stocks drop as a surge in new COVID-19 cases sparks broad-market selloffThe stocks of cruise operators were hit hard Monday as a surge in new COVID-19 cases in the U.S. and abroad sparked fears that no-sail orders would be... تابعونى The carnival stock I bought in May looks to be a large mistake 😂 More lockdowns to come. Now is not a matter of stimulus its more to do with losses of economic activities
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street loves data centers — MoneyGram's tech transformation — How much PE pays - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. nice
Source: BusinessInsider - 🏆 729. / 51 Read more »