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Photo: Reuters |
The key indicators of the New York Stock Exchange ended today’s session in red, amid continuing turbulence in oil prices, reflecting a drop in global demand driven by increased measures taken by countries to curb COVID-19 infection, reports CNBC.
The blue chip benchmark Dow Jones Industrial Average, which monitors the securities trading of the 30 largest publicly traded companies in the United States, has removed 600.28 points, or 2.54%, of its value, reaching a level of 23,050.16 points.
The wide meter S&P 500 registered a decrease of 2.95 percent to 2,739.77 points.
The technological indicator Nasdaq compound it decreased by 287 points, or 3.35 percent, to 8273.62 points.
Traders focused again on what was happening in the oil markets, where WTI futures with June delivery fell 43.4% to $ 11.57 a barrel. The decline was preceded by a sharp drop in supply contracts in May that entered negative territory on Monday, and traders had to pay buyers to get rid of excess oil.
In the midst of what is happening in the oil markets, the President of the United States, Donald Trump, wrote on Twitter that he had instructed the Ministries of Energy and Finance to “develop a plan to make the funds accessible so that these important companies and jobs are protected in the future. ” “
Actions of IBM fell 3.4 percent after the company reported a 3.4 percent decrease in revenue for the first quarter compared to the previous year. Salesforce and Oracle stock prices fell more than 4 percent after IBM warned that some of its units were experiencing strong headwinds in the last two weeks of March caused by the coronavirus.
Actions of Coke fell 2.62 percent after the soft drink maker saidthat the closing of cinemas, restaurants and stadiums due to coronavirus continues to affect its business, and a more serious impact than anything else is expected on its second quarter results.
In bond markets, returns on 10 years old and 30-year US Treasury securities decreased to 0.569% and 1,163% respectively.
In currency trading the dollar index increased 0.21% to 100.16 points.
In oil markets, the price of Brent It fell 22.57 percent to $ 19.80 a barrel, while that of WTI reported a 33.72% decrease to $ 13.54 per barrel.
In the precious metal markets, the price of gold it fell 1.4 percent to $ 1,687.80 an ounce.
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