Home>News>Economy>American stock exchanges stopped trading for the second time

American stock exchanges stopped trading for the second time

American stock exchanges stopped trading for the second time

Literally in the first minutes after the opening of the trading day on the US stock exchanges, the indices fell so much that trading was suspended for fifteen minutes. The Dow Jones Industrial Average, the tech-driven Nasdaq, and the S&P 500 fell 7%. Exchanges have stopped trading for the second time in a week. Despite a short halt, the decline continued after the resumption of trading.

The majority of investors began to get nervous after Donald Trump’s speech with the announcement of the closure of American countries for European tourists. At the same time, the president did not mention any measures to support the economy or health care sphere, and he also kept silent about the planned tax breaks.

Trader Dennis Dick noted that the market is not afraid of the economy  weakening, but of its actual closure. A massive sale of assets can lead to a new crisis start.

In parallel with the stock indices, the price of oil is declining. Significant pressure on the indicator is exerted by the ban on flights between European countries and the United States. For this reason, the demand for raw materials will continue to decline.

Alexander Losev, head of the Sputnik Capital Management company, is confident that the markets are falling, as investors have previously feared the introduction of quarantine, which would subsequently lead to bankruptcy of oil companies, as well as disruption of some supply chains.

Pavel Pakhomov, head of the analytics department of the St. Petersburg stock exchange, said that the decline in American markets was predictable. According to him, if not for the coronavirus, then another catalyst would have led to the fall, endless growth is impossible. In addition, the market was overheated, investors were leaving stocks for government bonds. As for Russia, it has a different situation. Everything here is focused on oil prices plunge.


Актуальные новости

04.08.2021, 22:00
DACH Funds May Inject USD 657B In Digital Assets Within 3 Years - Report
15.05.2021, 06:00
TCake.io - Tool for fhe Next Generation of Decentralized Finance
14.04.2022, 04:54
BoJ official says digital yen won’t be used to achieve negative interest rate
03.05.2021, 14:47
Travala Targets New Crypto Millionaires With Concierge Service
28.11.2021, 02:54
Sappy ending: Canada digs deep into strategic reserves to cover maple syrup shortage
04.03.2022, 00:30
US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen
10.04.2022, 17:30
12 Companies Keep Close to $700 Million in Ethereum in Treasuries
23.12.2021, 13:33
Opening Bell: Markets Edge Higher Ahead Of Holiday; Oil Wavers, Yields Flat
$ 29909
$ 2036.47
$ 0.422107
$ 1.002
$ 67.84