Trump Positive Covid-19, US Stock Exchange Collapse Page all

NEW YORK, KOMPAS.com – Stock index The United States (US) closed down on Friday (2/10/2020) local time after the news of President Donald emerged Trump positif Covid-19.

Quoted from Reuters, Saturday (3/10/2020), investor immediately into risk-off mode following the news Trump is positive for corona and the emergence of uncertainty related to the presidential election (pilpres) in Uncle Sam’s country.

Tech stocks fell the most. stock Exchange was also marked by massive selling.

Also read: Trump Positive Covid-19, Oil Prices Fall, Yen and US Dollar Rise

The Dow Jones Industrial Average was reported to have dropped 134.09 points or 0.48 percent to 27,682.81. Meanwhile, the S&P 500 index slumped 32.36 points or 0.96 percent to 3,348.44 levels.

As for stock index The Nasdaq Composite dived 251.49 points or 2.22 percent to 11,075.02.

Although collapsed at the weekend, the S&P and Nasdaq indexes rose 1.5 percent so far this week. Meanwhile, the Dow Jones stock index rose 1.9 percent in the week.

On Thursday (1/10/2020), Trump uploaded a statement on his personal Twitter account, announcing that he had contracted the corona virus. Trump also said he would undergo quarantine.

Also read: Donald Trump Positive Covid-19, US Bond Yields Decrease

The news that Trump is positive for Covid-19 adds to the uncertainty in an already volatile stock market.

“(The news) adds to the uncertainty over the outcome of the presidential election,” said Roberto Perli, head of global policy research at Cornerstone Macro in Washington DC.

Even so, the stock index’s slump was a little depressed after the White House ensured that Trump could remain active. He himself reported experiencing mild symptoms.

The US stock market also got a bit of fresh air after US House Speaker Nancy Pelosi announced a deal to provide an additional US $ 2 billion bailout from the government to the airline industry.

“The market is also watching the possibility of another stimulus package being rolled out. If that happens, it can ward off at least some of the uncertainty caused by the Covid-19 news,” said Perli.

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