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The actions of financial world fell on Friday after a disappointing U.S. employment report and news that the president Donald trump he tested positive for coronavirus.
Within 10 minutes of the start of operations, the Dow Jones lost 0.7% to 27,625.35 points.
The S&P 500 lost 1.0% to 3,348.65, while the Nasdaq, with a strong technology component, fell 1.4 percent to 11,174.07.
With Trump’s announcement, stocks before the opening plummetedBut they traded around that level for several hours and didn’t move significantly after the employment data was released.
“Rush selling makes sense,” said Briefing.com analyst Patrick O’Hare, noting that it is unknown how the president’s diagnosis will affect the presidential elections, the ongoing negotiations on the fiscal stimulus and the pending nomination of a magistrate to the Supreme Court.
O’Hare said the fact that the market has stabilized after the initial crash shows they are not “catastrophic” with the possible outcomes.
Investors received on Friday mixed employment figures, with a unemployment rate that fell to 7.9% in September, but job creation was lower than expected.
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