Wall Street stocks fall in early trading Friday after President Trump tested positive for the coronavirus.
Stocks are falling on Wall Street in early trading Friday after President Donald Trump tested positive for the coronavirus, throwing the country into even more uncertainty as a divisive election season is heating up.
The positive test reading for the leader of the world’s largest economy heaps uncertainty onto a growing pile of unknowns investors are grappling with, first among them“To say this potentially could be a big deal is an understatement,” analysts at Rabobank said in a commentary. “Anyway, everything now takes a backseat to the latest incredible twist in this U.S. election campaign.”
Germany’s DAX gave up 1.4% to 12,558 and the CAC 40 in Paris lost 1.1% to 4,771 after new inflation figures increased the likelihood that the European Central Bank will add to its stimulus efforts this winter. Britain’s FTSE 100 dropped 0.9% to 5,826. Australia’s benchmark S&P/ASX 200 slipped 1.4% to 5,791.50. Shares in Singapore, Thailand and Indonesia also fell.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street set for dive after Trump gets coronavirusWall Street was set for a heavy tumble on Friday as news that U.S. President Donald Trump and his wife had tested positive for coronavirus just four weeks before U.S. elections sent investors into safer gold, Treasuries and the yen.
Read more »
European stocks expected to open higher, tracking gains on Wall StreetEuropean stocks are expected to open higher Thursday, tracking gains on Wall Street in the previous session.
Read more »
Cramer says Wall Street has made up its mind about stimulus: 'It doesn't matter''That's how we could have some solid action today,' the 'Mad Money' host said.
Read more »
Stocks tick up as Wall Street waits for aid from WashingtonU.S. stocks climbed Thursday, but only after pinballing through another shaky day of trading, as Wall Street waits to see if Washington can get past its partisanship to deliver another economic rescue package.
Read more »
Penn National gets a pair of Wall Street target hikes on Barstool betting app debutNew for subscribers: Penn National gets a pair of Wall Street target hikes on Barstool betting app debut Check out CNBCPro today.
Read more »
How the year 2020 confounded Wall Street strategistsBank of America Corp's strategists cut their year-end forecasts for the S&P 500 index twice this year, trailing the U.S. stock market as it plummeted in a coronavirus-induced panic. Then, as the market rallied past those revised targets in the ensuing months, the...
Read more »