• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, June 27, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home World News

UPDATE: US shares drop after Trump test positive for coronavirus

by NewsNet Nigeria
5 years ago
in World News
UPDATE: US shares drop after Trump test positive for coronavirus
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

United States stock markets have opened lower after Donald Trump said he had tested positive for coronavirus.

All three of America’s main indexes – the Dow Jones, the S&P 500 and the Nasdaq – fell by between 1% and 2.2% when trading began on Friday, broadly in line with market expectations. Minutes later, markets rose slightly.

The US President tweeted he and his wife Melania had contracted Covid-19.

It comes as the US heads into the final weeks before the Presidential election.

Mr Trump tweeted: “Tonight FLOTUS [First Lady of the US] I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!”

Hours earlier, Mr Trump had declared that the end of the coronavirus pandemic “is in sight”.

  • US election 2020: Fact-checking Trump on coronavirus

The Dow Jones was trading 0.8% lower in early trade, the tech-focused Nasdaq fell 1.2% and the S&P 500 index dropped 0.9%.

In London, the FTSE 100 index recovered some ground, being down 0.2% at 5,866.01 in early afternoon trade. In France, the Cac-40 is trading down 0.9% while Germany’s Dax index is 1.1`% lower.

“This election already had a cloud of uncertainty hanging over it as Trump has refused to say whether he will accept the final vote and has also said that the final result may not be known for months,” said Fiona Cincotta, market analyst at City Index UK.

“The markets are already fretting about an uncertain election and this just adds another layer of uncertainty, favouring the risk-off trade.”

Futures trading before the US market opened had indicated that the main US indexes would drop.

“It is prime time now for (the) US election,” said Jingyi Pan, a senior market strategist at IG Group. “Should the President be absent during this period, that could mean even more complications with the election.”

Mr Trump and his Democratic rival, former Vice President Joe Biden, are scheduled to hold two more debates ahead of polling day on 3 November.

Earlier this week, the two faced each other for the first time in a combative encounter.

The rules for the remaining debates have now been changed to ensure the two remaining meetings will be more orderly.

(BBC)

Previous Post

Appeal Court affirms Douye Diri as Bayelsa Governor

Next Post

Delta 2023: ‘Fight’ to dominate political space begins

MORE NEWS

‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire
World News

‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

June 24, 2025
Tinubu joins world leaders to witness beginning of new papacy
World News

Tinubu joins world leaders to witness beginning of new papacy

May 18, 2025
Pope Francis buried in St Mary Major
World News

Pope Francis buried in St Mary Major

April 26, 2025
Pope Francis dies on Easter Monday at 88
World News

Pope Francis dies on Easter Monday at 88

April 21, 2025
Next Post
Delta 2023: ‘Fight’ to dominate political space begins

Delta 2023: 'Fight' to dominate political space begins

Leave Comment

RECENT STORIES

Delta First Lady Distributes 500 uLesson Tablets to Students

Delta First Lady Distributes 500 uLesson Tablets to Students

June 26, 2025
MEDIA PARTNERSHIP: Gov. Oborevwori to Unveil NUJ Warri Correspondents’ Chapel Press Centre Built by Tantita June 27

MEDIA PARTNERSHIP: Gov. Oborevwori to Unveil NUJ Warri Correspondents’ Chapel Press Centre Built by Tantita June 27

June 26, 2025
Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

June 26, 2025
Guwor Urges Lawmakers to Prioritise Constituents’ Interests as DTHA Resumes Third Session

Guwor Urges Lawmakers to Prioritise Constituents’ Interests as DTHA Resumes Third Session

June 26, 2025
Senator Nwoko lends strong support to bill for establishment of National Institute on Drug Awareness and Rehabilitation

Senator Nwoko lends strong support to bill for establishment of National Institute on Drug Awareness and Rehabilitation

June 25, 2025

TRENDING STORIES

  • IGP Warns Against Name-Calling, Social Media Protests Over Ward Delineation in Warri Federal Constituency

    IGP Warns Against Name-Calling, Social Media Protests Over Ward Delineation in Warri Federal Constituency

    0 shares
    Share 0 Tweet 0
  • Olu of Warri Receives Onu Igala Delta State, Applauds Ancestral Ties Between Itsekiris and Igalas

    0 shares
    Share 0 Tweet 0
  • Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    0 shares
    Share 0 Tweet 0
  • Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

    0 shares
    Share 0 Tweet 0
  • Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.