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S&P 500, Dow drop as Trump casts doubt on China trade deal


Thursday, 7 May 2020 03:25 WIB

Indeks S&P 500Indeks Dow JonesSahamAS


The S&P 500 and the Dow fell on Wednesday after U.S. President Donald Trump cast doubt on a trade deal with China and data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak.

The tech-heavy Nasdaq ended higher, although indexes pulled back late in the session after Trump said China may or may not keep the trade deal.

The Dow Jones Industrial Average fell 218.45 points, or 0.91%, to 23,664.64, the S&P 500 lost 20.02 points, or 0.70%, to 2,848.42 and the Nasdaq Composite added 45.27 points, or 0.51%, to 8,854.39.

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy.

Source : Reuters


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