US markets open in red as virus cases top 800K worldwide

Tuesday, 31. March 2020 15:30

Shares on the markets in the United States traded lower at the open on Tuesday as the coronavirus continued to trouble investors, with the number of total cases surpassing 800,000 worldwide. Commenting on the pandemic, House Speaker Nancy Pelosi claimed earlier in the day that the lack of proper testing for COVID-19 remains a big problem for the country, even though the administration revealed yesterday that more than one million test have been performed.

The Dow Jones lost 0.53% at the open, soon ending its worst first quarter in the recorded history. Procter & Gamble Co. led the losses with the fall of 2.37%. The Nasdaq 100 decreased by 0.35% at the start, as Dollar Tree Stores Inc. declined 3.88%. The S&P 500 kicked off with a drop of 0.42%, with Carnival Corp's shares decreasing by 9.36%.

The euro traded 0.69% lower against the dollar to sell for $1.09710 at 9:34 am ET.

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Breaking the News / ND