Stock market turbulence spreads on Wall Street: S&P 500 falls 1.9 percent

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The fear that the delta virus may delay the reopening of the world community means that US equities, oil prices, and US government bonds have all fallen today before the stock market opened on Wall Street.

The S&P 500 stock index falls 1.9 per cent at 6.30 pm Norwegian time on Monday. A decline of one percent was expected in advance.

Among the companies that fall on the stock exchange are Apple, which has fallen 2.6 percent after falling 1.9 percent in the pre-trade on Monday, and Tesla, which has fallen 2.55 percent after falling in the pre-trade as well.

The US industrial index Dow Jones Industrial Average also fell 2.3 percent, and the Nasdaq Stock Exchange fell 1.5 percent.

Fall in government bonds

The return on the American ten-year-old, also called the yield on the ten-year-old, fell from 1.30 per cent on Friday to 1.20 per cent on Monday. This fall in returns is due to the rise in government bond prices as a result of many investors buying these securities as a safe investment in the troubled market. The return is now the lowest since mid-February.

Opec + sends oil prices down

The fall in oil prices has also increased throughout the day, and it is down 4.3 percent to $ 68.7 / barrel on Monday afternoon, after Opec + has decided to increase production

Opec +, which consists of 23 countries that produce most of the world’s oil, has decided to increase production by 400,000 barrels per month from August.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.