US stocks open lower, Dow falls 3.5%, S&P 500 down 3.2%

US, WASHINGTON (ORDO NEWS) — US stocks open lower, resuming sell-off after three-day surge, Dow falls 3.5%, S&P 500 down 3.2%.

Bidding on the US stock market on Friday opened with a decrease in major indices in light of the fact that the United States came out on top in the world in the number of recorded cases of infection with a new coronavirus.

According to the data posted on the site of the trading floor, in the first minutes after the start of the session, the American industrial index Dow Jones fell by 788.89 points (3.50%) and settled at 21,763.28 points.

The S&P 500 Index, which includes the 500 largest companies in the US market, lost 82.88 points (3.15%) and reached 2547.19 points. The Nasdaq electronic stock exchange index fell by 221.80 points (6.60%), to 7575.73 points.

This week, the indices for the most part grew. Craig Irlam, an analyst with Canadian financial company Oanda, told Associated Press that the week was a good one for the markets, but investors believe that 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.”


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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 U.S. newsroom press.