U.S. stock futures and Asian stocks fell on Friday after President Donald Trump said he and First Lady Melania Trump tested positive for the new coronavirus.
Futures contracts for both the S&P 500 and the Dow Industries fell 1.9%. Oil prices also plummeted.
Trump tweeted the news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after traveling with the president several times this week.
“It’s an understatement to say this could potentially be a big deal,” Rabobank said in a comment. “Either way, everything is now reversing the latest incredible turn of the U.S. election campaign.”
Trade was low in Asia, with markets in Shanghai and Hong Kong closed. The Nikkei 225 index closed 0.8% lower at 22,999.75 after trading resumed following an all-day outage on the Tokyo Stock Exchange due to technical failure.
Reports that the Japanese government is preparing new stimulus measures to help the economy recover from the protracted recession developed by the coronavirus epidemic provide only a temporary withdrawal. Prices fell further after Trump’s announcement.
Australia Australia’s benchmark S&P / ASX 200 fell 1% to 5,815.90. Shares also fell in Singapore, Thailand and Indonesia.
On Thursday, the benchmark S&P 500 rose 0.5% to close at 3,380.80, the Dow Jones Industrial Average rose 0.1% to 27,816.90 and the Nasdaq Composite rose 1.4% to 11,326.51 as large-cap stocks rallied. Was filed. They are by epidemic.
Such large swings have only recently become typical, as investors are handicapped by the prospect of deals on Capitol Hill to send more cash to Americans, to gain unemployment benefits for scattered workers, and to hit airlines and other industries hard, especially by the epidemic.
House Speaker Nancy Pelosi and Treasury Secretary Steven Munuchi resumed their talks on Thursday, but there was no breakthrough before stock trading ended on W Street Street. Instead, there were only hopes that periodically rose and sank, as government officials criticized each other.
“Things remain fluid; We all know that if the deal doesn’t go through before the markets go down on Sunday, it’s not likely to be very ugly, “Stephen Ines of Axina said in a comment.
In addition to potential political growth, investors are looking for Friday’s employment figures. Data released on Thursday paints a mixed picture for the economy, with a report showing that the number of workers filing for unemployment benefits fell from 7,373 to 1,000 to 83,837,000 last week. It was lower than economists expected, but higher than before the epidemic.
Consumer spending was higher than forecast in August Gust, which is key because it is the main driver of the U.S. economy. But personal income weakened more than expected last month, and growth in the country’s manufacturing sector also fell short of forecasts.
The second round of congressional funding is seen as crucial, with the announcement of airlines and other large companies scattering and furloughs. Treasury Secretary Stephen Munuchin and House Speaker Nancy Pelosi have worked together effectively in the past, helping to carry out previous economic rescue operations approved by Congress in March. But the country’s growing partisan divisions have destabilized progress, with only one month left in the presidential election.
Production on the 10-year Treasury fell to 0.66% from 0.67% late Thursday night.
U.S. The benchmark crude closed at .6 37.64, down 0 1.08 a barrel in electronic trading on the New York Mercantile Exchange. It traded at 50 1.50 to .7 38.72 on Thursday. International Standard, Brent crude lost 39.88 lbs to 5 1.05 lbs per barrel.
The dollar weakened to 105.05 Japanese yen from 105.54 yen. The euro weakened from a weak 1.1747 to a weak 1.1731.
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