Finance

Indices in the USA Close the Day with Hard Decline

In the US, indices closed the day with a sharp drop in concerns over the second wave in the outbreak

At the close, the Dow Jones index fell more than 1800 points and fell 6.9 percent to 25,128.17 points. The S&P 500 index fell 5.9 percent to 3.003.71 points and the Nasdaq index fell 5.3 percent to 9.492.73 points.

In the fall in indices, concerns about the second wave in the new type of coronavirus (Kovid-19) outbreak and the US Federal Bank’s (Fed) predictions that did not support the rapid recovery in the economy were effective.

According to reports in the US media, there has been an increase in the number of cases in 21 states in the country where measures against the Kovid-19 outbreak have been gradually relaxed. In some southern states, such as Arizona, Texas, and North Carolina, an increase in the number of viruses has been observed over the past week.

On the other hand, the Fed’s statement yesterday stressed that the Kovid-19 crisis will continue to put pressure on economic activity, employment and inflation in the near future and pose significant risks on the economic outlook in the medium term.

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