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The Dow Jones opened the deepest day and expanded losses significantly in the subsequent course. Finally, it was 2.53 percent weaker at 23,728.63 units over the weekend. On Wednesday, the index had reached its highest level in seven weeks. The day before, profit taking had begun.
Quarterly figures for some heavyweights such as Amazon, Chevron, and ExxonMobil were not well received by investors. Furthermore, Brians feared that tensions between the United States and China would flare up again due to the corona virus.
Traders referred to a recent adjustment to the rhetoric of the President of the United States to justify price losses. Donald trump to China due to the coronavirus crisis. This has raised concerns about a new boiling point of the customs dispute. For example, the Bloomberg news agency, citing a person familiar with the matter, reported that Trump was considering banning a government pension fund from investing in Chinese stocks.
“The mood of the stocks has returned to normal,” wrote analyst David Madden, referring to Trump’s statement. With 30 million unemployed in the United States as a result of the crown crisis, the President of the United States is trying to blame China for the pandemic. A new trade dispute between the two countries could now threaten.
Editorial office finanzen.net / dpa-AFX
Image sources: Frontpage / Shutterstock.com, spirit of america / Shutterstock.com
