Dow drops 150 pts as virus uncertainty grows

Tuesday, 29. September 2020 17:08

The major stock market indexes in the United States turned to losses on Tuesday, after starting the session mostly flat, with the Dow Jones Industrial Average plunging more than 150 points. The uncertainty caused by both the surge in COVID-19 cases in the US, and the standstill in the negotiations on the fourth installment of the coronavirus relief package led to the change of sentiment compared to the past 3 days.

The Dow Jones dived 0.60% or 160 points at 11:10 am ET, while the Nasdaq 100 declined by 0.16% at the same time. A minute after that, the S&P 500 was down by 0.39%.

The euro gained 0.61% against the dollar, selling for $1.17376 at 11:10 am ET.

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Breaking the News / BU