Wall Street slumps, investors flee to safe havens on virus fears

businessamlive
U.S. stocks opened sharply lower on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in perceived safe havens such as bonds and gold.
The Dow Jones Industrial Average fell 664.07 points, or 2.54%, at the open to 25,457.21.
The S&P 500 opened lower by 69.74 points, or 2.31%, at 2,954.20. The Nasdaq Composite dropped 269.58 points, or 3.08%, to 8,469.02 at the opening bell.
Share This Article
Follow:
Onome Amuge is a Nigerian journalist and content writer known for his analytical and engaging reporting on business, finance, agriculture, commodities, and technology. He is currently a journalist at Business a.m., a Nigerian business-focused newspaper, where he has authored over 360 articles covering a wide range of topics including economic trends, market analysis, and policy developments.
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *