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Money Corona wave worrying: Dow Jones with negative start

16:15  26 october  2020
16:15  26 october  2020 Source:   finanzen.net

NFL chief medical officer: Playoff bubble environment not 'safest course of action' for avoiding COVID-19

  NFL chief medical officer: Playoff bubble environment not 'safest course of action' for avoiding COVID-19 The NFL isn't looking to enact a bubble environment for the postseason, as chief medical officer Allen Sills has several concerns about the idea.The NFL’s owners on Tuesday took part in a virtual meeting on health, safety and other on-field matters. Commissioner Roger Goodell and chief medical officer Dr. Allen Sills reiterated their message of the need for compliance and a commitment to the strategy of the preventative measures of wearing masks, hand-washing and maintaining social distancing along with testing, tracing and isolation.

U.S. stock futures and oil prices fell as coronavirus cases surged in America and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal.

The Dow Jones Industrial Average closed 2,997.10 points lower, or 12.9%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. Economists at JPMorgan see negative growth for the first quarter while Goldman Sachs downgraded its first-quarter

Impending lockdown measures and dwindling hopes for an economic stimulus package in the US weighed on Wall Street on Monday.

INDRANIL MUKHERJEE/AFP/Getty Images © Provided by Finanz.net INDRANIL MUKHERJEE / AFP / Getty Images

The Dow Jones is weak in Monday trading and loses 0.53 percent to 28185.82 points at the start.

The new corona wave seems to be spiraling out of control in parts of Europe. In Spain and France in particular, there is a threat of widespread closure steps to contain the pandemic. These would stifle the economy in Europe and should at least slow down the process of economic recovery in the USA as well.

But there is also worrying information from the USA itself: A week and a half before the presidential election in the USA, a new record number of new infections with the corona virus has been set in the country. Traders are talking about worrying headlines.

Europe reacts to the corona pandemic

 Europe reacts to the corona pandemic The Corona model student Italy is gearing up for the second wave: Rome announces a billion-dollar program for business, schools and the labor market. France is also reporting corona record values ​​again. © Remo Casilli / Reuters Tourists in front of the Colosseum in Rome The government in Rome has decided on a draft budget with new measures amounting to around 40 billion euros for anti-corona measures and strengthening the ailing economy.

On Wednesday, the Dow Jones Industrial Average slumped 124 points to close at 26,957.59, after shedding nearly 2,000 points following steep losses on Jamie Cox, manager of Harris Financial Group, says investors, and computerized trading programs, are reacting to every positive or negative

The FTSE, Dow Jones Industrial Average and the Nikkei all saw huge falls as the number of Covid-19 But some analysts have warned that they could be volatile until fears of a second wave of the But as the spread of infections has eased in some areas, the industry has started to open back up.

No further economic stimulus package

The economic stimulus package in the USA, which is urgently needed in view of these reports, is still not making progress. Congress and the White House have not yet been able to reach an agreement. The spokeswoman for the House of Representatives, the Democrat Nancy Pelosi, still sees chances of reaching a majority-compatible compromise for a stimulus package before the elections, but criticizes the Republican opposing side and prepares the public for the talks to fail. "We have doubts that a convincing deal will be found before the elections. Because time is running out," says market strategist Luc Filip from SYZ Private Banking.Redaktion finanzen.net / Dow Jones Newswires

After playing in 49ers game, Packers linebacker Krys Barnes tests positive for COVID-19 .
It is the second positive COVID-19 test the Packers have had this week, following rookie running back A.J. Dillon’s positive test.Rookie inside linebacker Krys Barnes tested positive for COVID-19, a person with knowledge of the situation confirmed to PackersNews, part of the USA TODAY Network. The person spoke on condition of anonymity because of the sensitivity of the situation.

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