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Dow Slides 500 Points to Start Monday Amid Tumbling Oil Prices, Coronavirus Uncertainty


Monday, 20 April 2020 21:01 WIB

DOW JONESS & P 500Indeks NasdaqSahamAS


U.S. stocks headed sharply lower at Monday's open as the price of oil continued to fall to new multiyear lows, and as investors faced uncertainty regarding the pace and extent of plans to ease economic restrictions related to the COVID-19 epidemic.

The Dow Jones Industrial Average fell 500 points, or 2.1%, to open near 23,742, the S&P 500 index slid 41 points, or 1.4% at 2,831 and the Nasdaq Composite index retreated 73 points, or 0.8% at 8,578.

Stocks were pulling back after notching two consecutive weeks of gains as investors watched governments in Europe and the U.S. consider lifting some restrictions on business that were aimed at slowing the spread of the coronavirus, with Germany leading the way in allowing some small stores to open for business, if strict social-distancing measures are followed.

In the U.S., some governors have complained that there is not enough testing capacity to understand the true extent of the epidemic and that the lack of tests will hamper efforts to lift restrictions on business.

Source : Marketwatch


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