Wall Street Falls Due to Trump Coronavirus

Wall Street Falls Due to Trump Coronavirus

Wall Street Falls Due to Trump Coronavirus

(Reuters) – Major Wall Street indices fell on Friday after two straight sessions as news of U.S. President Donald Trump's coronavirus infection heightened political uncertainty in the month ahead of the election.

By 18.08 Moscow time, the Dow Jones index dropped 0.62% to 27.643.56 points, the S&P 500 index dropped 0.78% to 3.354.53 points, and the Nasdaq – 1.19% to 11.191.55 points.

Market sentiment was also affected by the slowdown in US job growth in September.

The number of employed in the US economy, excluding the agricultural sector, increased by 661,000 in September, while analysts had expected an increase of 850,000.

The energy sector lost 1.5% due to the fall in oil prices by more than 3%.

“Markets have shown an aversion to uncertainty, not a candidate's victory,” said Roberto Perli, economist at Cornerstone Macro.

Tesla Inc shares fell 2.6% even after the company reported record shipments in the third quarter.

(Sagarika Jaysingani, Translated by Anna Rzhevkina. Editor Marina Bobrova)

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