15:34 – Oct 2 | Updated 16:15
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One minute after trading on the New York Stock Exchange, the Nasdaq index has fallen 1.9 percent and stands at 11,109.64 points while the Dow Jones stands at 27,435.99 points after a decline of 1.4 percent. The S&P 500 falls 1.4 percent to 3,333.57 points.
Nikola and Telsa fall 3.5 percent and 5.2 percent, respectively, in the opening minutes.
The news that US President Donald Trump is infected with the coronavirus on Friday led to a certain nervousness in the markets.
– Trump’s disease will contribute to increased uncertainty, and that is why the markets are falling, says manager Jan Petter Sissener to Finansavisen.
Nordea’s chief strategist Erik Bruce is clear that the news of Trump’s illness increases the political uncertainty that is already affecting the markets ahead of the presidential election.
– If we receive signals that indicate that he will not become seriously ill, I can not see that this will have a lasting effect on the markets. But if he becomes seriously ill, the picture can become more chaotic. There are many unanswered questions, and the market rarely likes that, Bruce states.
Friday’s labor market report shows that 661,000 jobs were created outside the agricultural sector (non-farm payrolls) in September. The figures are often characterized as “the most important figures of the month”. According to Goldman Sachs, an increase of 1.1 million jobs was expected.
Unemployment fell to 7.9 percent.
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