NEW YORK – Wall Street opened with a sharp drop on Wednesday, as happened with the stock markets in Europe amid fears that the new wave of coronavirus infections could slow the recovery of the global economy.
The main indicator, the Dow Jones, fell more than 800 points, close to 3%, at the beginning of a day that -in addition- has seen the poor results of Boeing and the uncertainty that the country is experiencing due to the elections next Tuesday.
In Europe, the stock market in Germany fell 4.4%, in France 4% and in London 3.2%.
In the United States, the effect on the stock market has dragged with it shares such as Visa, Microsoft and Apple, among many others.
In Europe, new limited mobility restrictions have already begun to be announced, as in Germany and the same is expected to happen in other countries of the European Union.
In the United States, an average of 71,832 new cases were reported in the last week – the highest since the pandemic began – and hospitalizations have been increasing, according to figures reported by Johns Hopkins University.
The increase in coronavirus cases in the US is joined by the decision of the Republican majority in the Senate to close the door to a possible vote on a new economic stimulus package in the country before the elections and in which the polls are favored. Democrat Joe Biden.
“Uncertainty about COVID-19, mobility restrictions and US policy translate into volatility that will remain high for the remainder of the year,” said Mark Haefele, chief investment officer at UBS.
Another sector strongly affected in recent days is energy and oil, severely affected since the coronavirus crisis began.
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