“Downturn phase”: Dow Jones gives way strongly – 21,000 point mark within reach | message

—The Dow Jones started the day at a discount of 3.15 percent at 21,227.38 meters and fell shortly afterwards to 21,022.02 units, almost below the 21,000 point mark. There is currently a discount of 3.15 percent on 21,226 index points on the board.

Wall Street starts trading mid-week with heavy taxes. The corona virus continues to spread rapidly in the United States. The death toll has more than doubled within four days. The country also has the highest number of infections worldwide. US president Donald Trump spoke of a painful two weeks for the country to fight the virus.

“We are in a downturn in the United States,” said Steven Englander, strategist at Standard Chartered. “We may experience higher unemployment and early grounding in early May, but this is very speculative. In order for this to happen, we need a lot of luck and serious implementation of the economic and health policy measures,” added the participant.

The economic impact of the coronavirus pandemic will be reflected in the US economic data for the coming weeks. The ADP job market report published on the reporting day, with a drop of 27,000 jobs, was better than the expected drop of 125,000 jobs.

However, ADP pointed out that the survey period only lasted until March 12, the same period as the official US job report for March, which will be released on Friday. Therefore, the recent impact of the pandemic has not yet been recorded, nor has the massive jump in initial applications in the past week.

Editorial staff finanzen.net / Dow Jones Newswires

Image sources: Frontpage / Shutterstock.com

–