Dow Jones dropped below the level Trump took office
US, WASHINGTON (ORDO NEWS) — The American Dow Jones Industrial Average on Wednesday dropped below the level it was on the day of the inauguration of US President Donald Trump. This was reported by CNN.
According to data posted on the New York Stock Exchange website, by 13:38 U.S. East Coast time, the Dow Jones had lost 1973.18 points (9.29%) and stood at 19264.20 points. CNN notes that on January 19, 2017 – on the eve of Trump‘s inauguration – this index was at 19732 points. In February of this year, the Dow Jones set a historic high, rising to 29,551.42 points.
The S&P 500 index, which includes the 500 largest companies in the US market, fell 213.52 points (8.44%) to 2315.67 points, the Nasdaq electronic index fell 568.60 points (7.75%) – to the level of 6766.18 points.
Previously, trading on the exchange was suspended for 15 minutes after the decline in the S&P 500 was more than 7%. They can again be suspended for 15 minutes if the fall of this index exceeds 13%. Until the end of the session, trading will be stopped if the S&P 500 crashes by more than 20%.
The beginning of trading on Wednesday was marked by a decrease in the main indices by 5-6%. Broadcaster CNBC pointed out that this is due to the continuing threat of the United States and in the world of the new coronavirus.
According to Johns Hopkins University, which makes calculations based on data from federal and state authorities, the number of cases of coronavirus infection in the United States increased to 7324, at least 115 people died.
The outbreak of the disease caused by the new coronavirus in Central China at the end of 2019 spread to more than 130 countries and was recognized by the World Health Organization as a pandemic.
According to recent data, more than 200 thousand people have become infected in the world, more than 8 thousand have died. According to the operational headquarters, 147 cases of infection were registered in Russia.
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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.
