[ad_1]
ILLUSTRATION The Wall Street sign is represented on the New York Stock Exchange (NYSE) in the Manhattan district of New York City, New York, USA. USA, March 9, 2020. REUTERS / Carlo Allegri
Reporter: Yudho Winarto The | Editor: Yudho Winarto
KONTAN.CO.ID – NY Wall Street opened corrected on Monday trading (4/5). Due to increased tension between the United States (USA) -China due to the origin of the outbreak of the coronavirus (covid-19).
In addition to the recognition of billionaire Warren Buffet, CEO of Berkshire Hathaway, who had released ownership of the airline’s shares last weekend.
Launching Reuters The Dow Jones Industrial Average fell 142.14 points, or 0.60%, at the open to the 23,581.55 level.
Also read: Here is Warren Buffet’s investment strategy and commercial realization when he was crown
The open S&P 500 index corrected 15.70 points or 0.55% to the level of 2,815.01. Meanwhile, the Nasdaq Composite fell 49.63 points or 0.58% to 8,555.32 in the opening bell.
Shares of Microsoft, Amazon and Netflix rose more than 1%, holding back more losses in the overall market.
Airline stocks were among the biggest losers on the S&P 500 index, with Delta, United and American Airlines falling more than 7%. Aircraft manufacturers Boeing also fell nearly 3%.
“Buffett is a long-term investor, so his decision to sell reflects his belief that the aviation industry faces future challenges that fundamentally change value,” wrote Tom Lee of Fundstrat in a note quoted by CNBC.
Also read: China is on high alert in the South China Sea, calling the United States a troublemaker!
The market also continues to grapple with concerns about another dispute between China and the United States. On Sunday, Secretary of State Mike Pompeo said there was “a large body of evidence” linking the coronavirus to a laboratory in the Wuhan region of China.
The comments came after the director of the National Economic Council, Larry Kudlow, said on Friday that China would be “responsible” for the coronavirus.
Earlier this week, President Donald Trump said he was considering charging China tariffs for managing the plague.
DONATION
If you wish, take advantage of the following donation facilities.
-> Featured videos
->
->
WALL STREET
->
