Wall Street opened lower after Trump tests positive for COVID-19

The New York stock market was clearly betting on sales in reaction to the diagnosis of the US President

Wall Street opened with losses this Friday, October 2, and the Dow Jones of Industrialists, its main indicator, fell 0.81% after it was learned that the president of the United States, Donald Trump, and the first lady, Melania Trump, tested positive for COVID -19 and are in quarantine.

Half an hour after the start of operations on the New York Stock Exchange, the Dow Jones cut 226.20 points, to 27,590.70 units, weighed down by large listed companies such as Apple (-2.44%), Boeing (-2.39 %), American Express (-1.88%), Microsoft (-1.61%) or JPMorgan (-1.26%).

S&P 500 fell 0.97% or 32.68 points, to 3,348.12; and the Nasdaq composite index, on which the main technology companies are listed, fell 1.31% or 148.48 units to 11,178.02.

The New York stock market was clearly betting on sales in reaction to Trump’s diagnosis, which adds uncertainty to his election campaign and, ultimately, to the country’s leadership.

Presidential physician Sean Conley said the president and his wife “are doing well at this time and plan to remain at home in the White House during convalescence.” He also said he hopes Trump can “continue carrying out his duties without interruption while recovering.”

Source: El Sumario

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