Wall Street Opens Lower as Virus Fears Revive; Dow Down By Investing.com

© Reuters

By Geoffrey Smith 

Investing.com — U.S. stock markets opened lower on Friday on fears that the Covid-19 pandemic will do more damage over a longer period than thought, even despite the rollout of vaccines across the world.

By 9:40 AM ET (1440 GMT), the was down 217 points, or 0.7%, at 30,864 points. The was down 0.6% and the was down 0.3%. 

On Thursday, President Joe Biden had warned of another 100,000 deaths in this U.S. in the coming month, in an abrupt change of style from his predecessor, as regards the management of popular expectations. The emergence of new strains of the virus across the world, including some that are more easily transmitted than the original variant, has increasingly weighed on global markets this week, with regional lockdowns in parts of China and Europe all casting doubt over the narrative of a vigorous economic rebound in 2021.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.