U.S. stocks closed lower than expected, with the NASDAQ down 2.22percent

category:Finance
 U.S. stocks closed lower than expected, with the NASDAQ down 2.22percent


*Pelosi: the Republican Party should recognize the reality. This is a vicious virus

*Us non farm employment increased by 661000 in September, less than market expectations

The White House called the symptoms of Trumps new crown mild (mild), and the dawn of a new round of rescue plan reappeared, after the US stock market opened lower on Friday, gradually narrowed the decline. As of the end of the day, the Dow Jones Industrial Average fell 134.09 points, or 0.48%, to 27682.81; the standard & Poors 500 index fell 32.4 points, or 0.96%, to 3348.44; the Nasdaq composite index fell 251.49 points, or 2.22%, to 11075.02. Before trading, the Dow futures index fell more than 500 points.

Technology giants were generally under pressure, with Netflix down 4.6%, apple down 3.23%, Microsoft and Google parent company alphabet down 2.95% and 2.13%, Amazon fell 2.99% and Tesla fell 7.4%.

Looking back on the impact of past national political emergencies on the market, we can see that British Prime Minister Johnson, now 56, was infected with the new coronavirus on March 27, triggering a sharp drop in the pound, and the FTSE 100 index once fell 4.8%. On April 7, Johnsons condition deteriorated and he was transferred to intensive care unit. On the same day, European stocks rose across the board, with the FTSE 100 index the smallest.

On March 30, 1981, President Ronald Reagan was shot in Washington, D.C. The New York Stock Exchange closed early at 3:17.

President John F. Kennedy was assassinated in Dallas on Friday, November 22, 1963. Half an hour after the announcement, the US stock market was closed ahead of schedule, and the Dow Jones index fell 21.16 points, or 2.89%. U.S. stocks resumed trading on Tuesday, November 26, with the Dow up 32.03 points.

Foreign media reported that trump had mild, cold like symptoms. The 74 year old trump, who weighs more than 220 Jin and has high cholesterol, is a high-risk group. White House doctor Sean Conley said trump popularized the first ladys wellat this time and expected trump to continue his presidential duties during his treatment and rehabilitation. In response, Valdez questioned that the so-called mild symptoms need to be determined over time. He believes the market needs at least 12 to 14 days to confirm the presidents health.

After hours, the White House released the progress of Trumps illness, calling the president fatigued but in good spirits..

As Trumps presidential campaign moves online, uncertainties continue to rise

Trump learned that his assistant hope Hicks tested positive for his new crown on Thursday morning (October 1) local time, but did not change all itinerary plans for the day, contrary to the CDCs requirement for self isolation of close contacts, according to the US CDC. On the same day, trump held a fund-raising event at his golf resort hotel in New Jersey, raising $5 million.

The White House said the trumps will be in the White House for 14 days of self isolation. On Friday afternoon local time, the official website of Trumps presidential campaign announced that all scheduled campaign activities would be online.

Just 31 days before the presidential election, uncertainty is rising in the negotiations on a new round of rescue plans, the trend of US stocks and the recovery of the US economy.

At present, Democratic presidential candidate, former Vice President Biden and his wifes new crown test results are negative. The two presidential candidates held their first presidential debate on September 29 in Cleveland, Ohio.

In an interview with foreign media, House Democratic leader Pelosi said that the news of Trumps diagnosis may change the direction of the rescue plan negotiations. Pelosi wished trump an early recovery and hoped that the Republican Party should recognize the reality that this is a vicious virus.

In terms of economic data, US labor department data on Friday showed that the number of non-agricultural employment increased by 661000 in September, which was lower than the 800000 expected by the market, and fell below the 1 million mark for the first time since April; the unemployment rate dropped from 8.4% to 7.9%.

Michelle Meyer, an economist at the Bank of America, warned that the fall in the unemployment rate was not good news because the labor participation rate dropped from 61.7% to 61.4% and 695000 people left the job market. The number of temporarily unemployed people dropped by 1.9 million, accounting for 35% of the total unemployed population from 45%, and the proportion of long-term unemployed people increased. U.S. presidents health and less than expected employment data are weighing on energy prices. WTI crude oil futures fell $1.67, or 4.3%, to $37.05/barrel, while Brent crude oil futures fell $1.12, or 2.7%, to $39.81. European stocks opened lower and rose higher. Britains FTSE 100 index rose 22.67, or 0.39%, to 5902.12; Germanys DAX index fell 41.73 points, or 0.33%, to 12689.04; Frances CAC40 index rose 0.84 points, or 0.02%, to 4824.88. Source of this article: Yang Bin, editor in charge of the first finance and Economics_ NF4368

Michelle Meyer, an economist at the Bank of America, warned that the fall in the unemployment rate was not good news because the labor participation rate dropped from 61.7% to 61.4% and 695000 people left the job market. The number of temporarily unemployed people dropped by 1.9 million, accounting for 35% of the total unemployed population from 45%, and the proportion of long-term unemployed people increased.

U.S. presidents health and less than expected employment data are weighing on energy prices. WTI crude oil futures fell $1.67, or 4.3%, to $37.05/barrel, while Brent crude oil futures fell $1.12, or 2.7%, to $39.81.

European stocks opened lower and rose higher. Britains FTSE 100 index rose 22.67, or 0.39%, to 5902.12; Germanys DAX index fell 41.73 points, or 0.33%, to 12689.04; Frances CAC40 index rose 0.84 points, or 0.02%, to 4824.88.