Wall Street Lower Due to Fear of Trump Corona Infection
The stock exchanges in New York opened considerably lower on Friday, due to fear among investors on Wall Street by the news that President Donald Trump and his wife Melania have been infected with the coronavirus.
In addition, attention is paid to the critical government jobs report, and the political developments surrounding a new support package for the US economy in Washington are monitored.
Shortly after inception, the Dow Jones index recorded 1 percent lower at 27,526 points. The broad S&P 500 fell 1.2 percent to 3339 points, and the technology gauge Nasdaq dropped 1.7 percent to 11,130 points.
Trump announced via Twitter that he and Melania have the coronavirus. They probably contracted the virus through close contact with adviser Hope Hicks, who, among other things, accompanied Trump to the election debate in Cleveland.
Employment in the United States grew much less strongly in September than in August and also weaker than expected. The Ministry of Labor announced that 661,000 jobs were added last month, excluding the agricultural sector. Economists had expected an increase of 875,000 jobs.
Electric car maker Tesla delivered 139,000 vehicles in the third quarter. This is a record for the company of CEO Elon Musk. Tesla was down 5 percent.