US, WASHINGTON (ORDO NEWS) — Key indices fell on Friday following the trading session on the New York Stock Exchange.
According to the data posted on the site of the trading floor, the American industrial index Dow Jones fell by 915.39 points (4.06%) and stopped at around 21 636.78 points. The S&P 500 Index, which includes the 500 largest companies in the US market, lost 88.60 points (3.37%) and was at the level of 2,451.47 points. The Nasdaq Electronic Exchange Index fell 295.16 points (3.79%), to 7,502.38 points.
WTI brand oil has fallen in price. By 16:00 U.S. East Coast time, the price of energy supplies in May fell by $ 1.01 (4.47%), to $ 21.59.
On Tuesday, Wednesday and Thursday, the indices for the most part grew. Craig Irlam, an analyst with Canadian financial company Oanda, told Associated Press that the week was good for the markets, but investors believe the situation will be uncertain over the coming weekend due to the spread of the new coronavirus in the United States. As Irlam stated, “there is evidence that there are now more cases of [infection with coronavirus] in the US than in China or Italy, and the numbers are worsening every day.”
“It all depends on how we take control of the virus situation,” Neal Hennessy, head of Hennessy Funds, an investment company , quoted The Wall Street Journal as saying. In his opinion, the market is stabilizing after the number of newly recorded cases of infection in the United States reaches a peak and begins to decline.
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