Bags, Wall Street closes abruptly

ROME – On a closing day of the European and most Asian stock exchanges, Wall Street closes the session in sharp decline, following Tokyo, but above all due to tensions between the United States and China, with President Donald Trump who has threatened tariffs and weak corporate results. The Dow Jones Index lost 2.5% to 23,723.69 points, the Nasdaq lost 3.2% to 8,604.95, while the S&P 500 lost 2.81% to 2,830.71 points.

New data on US manufacturing activity in April weighs on the price lists: the ISM index has fallen to its lowest level since 2009. The cut in Moody’s outlook has also weighed, going from stable to negative.

This morning, the Tokyo Stock Exchange closed the last session of the week on a sustained decline, with investors triggering profit taking in anticipation of the 5-day vacation, while prolonging the state of emergency in Japan after expiration. May 6, due to the emergence of the coronavirus. Nikkei lost 2.84% to 19,619.35, falling 574 points. In the foreign exchange market, the yen remains stable in the dollar just above a level of 107, and in the euro at 117.30.

A red May Day that nevertheless follows an excellent month on Wall Street. The New York Stock Exchange has archived its best month since 1987 despite the boom in the unemployed and the decline in GDP in the United States due to the crisis caused by the coronavirus. The S&P lost less than 1% yesterday and in April it gained 12.7%, the best performance in more than 30 years. The Dow Jones fell less than 300 points yesterday, ending the month with an 11% increase, a record since 1987. Nasdaq technology rose 15% in April, marking the best month since 2000. US stocks have gradually regained ground . of the deaf noise of more than 20% between February and March due to the pandemic that forced the world to crash.