U.S. stocks drop Friday, Dow Jones loses 220 points
NEW YORK, New York – Wall Street closed weaker on Friday as concern over the raging coronavirus was offset by hopes for the event and distribution of a vaccine.
“There’s an ebb and move to the market and the vaccine represents the hope,” Matthew Keator, managing associate on the Keator Group, a wealth administration agency in Lenox, Massachusetts informed Reuters Thomson Friday. “The time it can take to see it distributed and take impact displays the fact of the scenario. With the rising instances of the virus and the shutdowns on the state stage that is one thing the market is paying shut consideration to.”
The Nasdaq Composite fell 49.74 points or 0.42 p.c to 11,854.97.
The Dow Jones industrials index closed 219.75 points or 0.75 p.c decrease at 29,263.48.
The Commonplace and Poor’s 500 declined 24.32 points or 0.68 p.c to three,557.55.
International exchange markets have been combined. The euro wilted, closing out the day at 1.1859. The British pound remained strong at 1.3293. The Japanese yen was little modified at 103.81. The Swiss franc weakened to 0.9111.
The Canadian greenback was unchanged at 1.3084. The Australian greenback rose barely to finish the week at 0.7310. The New Zealand greenback strengthened to 0.6940.
On Asian markets, the Nikkei 225 in Tokyo fell 106.97 points or 0.42 p.c to shut at 25,527.27.
The Australian All Ordinaries misplaced 2.80 points or 0.04 p.c to six,739.90.
China’s Shanghai Composite gained 14.64 points or 0.44 p.c to three,377.73.
Hong Kong’s Grasp Seng added 60.12 points or 0.23 p.c to 26,417.09.
Market information on CNN.