Wall Street Closed Low As Covid Fears Returned

Investors regained caution in the face of a sharp increase in the number of coronavirus cases in the United States, where infections and hospitalizations now surpass the rates of the first wave last spring, the New York Stock Exchange consolidated on Thursday.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.

Sponsored


Despite the excitement created by Pfizer and BioNTech’s announcement on Monday of a 90 percent effective vaccine, the return to normal life could take some time, many observers warn. Profit-taking on cyclical values continued on Thursday, while the so-called ‘sit at home’ stocks, which gained from the anti-Covid-19 steps, held up better.

At the close, after rebounding more than 10 percent in a few days, taking it to its last all-time high of 29,551 points in February on Tuesday, the Dow Jones index dropped 1.08 percent to 29,080 points. The S&P 500’s large index gave up 1% to 3,537 points, and the Nasdaq Composite, which is rich in technology and biotech stocks, fell 0.65% to 11,709 points.

However, the consumer price index in the United States was steady in October against a market expectation of 0.2 percent and CPI for non-food and energy is unchanged from the previous month.

After the announcement of a sharp rise in U.S. crude inventories, oil ended in dispersed order, while gold increased 0.6 percent. Against a basket of benchmark currencies, the dollar index gave up 0.08 per cent to 92.97 levels. In the U.S. bond markets, the 10-year T-Bond yield fell 8 basis points to 0.90 percent in the face of renewed worries about the economic recovery.

The death toll in the United States has now surpassing 242,000 and the pandemic has now infected more than 10 million individuals. The number of hospitalizations has now exceeded the rate of last spring. In at least 17 of the 50 U.S. states, hospitals are under pressure because of their limited capacity in the face of rising number of Covid cases.

Latest

The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Future Prospects Brighter For Red Cat Holdings Inc. (RCAT) Stock

The US Army has awarded Red Cat Holdings, Inc....

Newsletter

 

Don't miss

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Farmmi, Inc. (FAMI) Stock Soaring in Premarket, Here’s the Reason

Farmmi, Inc. (FAMI), a company that processes and sells...

Ulta Beauty Inc. (ULTA) last month performance of -6.16% certainly makes it a sizzling prospect

Ulta Beauty Inc. (NASDAQ: ULTA) open the trading on May 26, 2022, with great promise as it jumped 7.09% to $377.96. During the day,...

The key reasons why Alset EHome International Inc. (AEI) is -95.54% away from 52-week high?

Witnessing the stock’s movement on the chart, on May 26, 2022, Alset EHome International Inc. (NASDAQ: AEI) set off with pace as it heaved...

StoneCo Ltd. (STNE) latest performance of 2.97% is not what was on cards

StoneCo Ltd. (NASDAQ: STNE) established initial surge of 2.97% at $9.71, as the Stock market unbolted on May 26, 2022. During the day, the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here