the Decision of the President of trump block all travel and goods from the European Union sent all the major indices into a tailspin. S&P 500 and Nasdaq lost more than a quarter of its value since hitting a record high only 16 sessions ago.
Index S&P 500 Energy SPNY lost 12.3% of the index the Dow Jones Industrial Average DJI fell 2 352,6 points, or by 9.99% to 21 200,62 item S&P 500 SPX lost 260,74 points, or of 9.51% to 2480,64 points, while the index the Nasdaq Composite IXIC fell on 750,25 points, or by 9.43% to 7201,80. All 11 major sectors S&P 500 closed sharply lower.
Rapid innovation trump, restricting flights from continental Europe to the United States, led to the fact that European equities have reached almost four-year low and fell sharply airlines, which already suffered from the spread of COVID-19.
On wall street, airline SPCOMAIR fell by 19.6%. Boeing Co fell by 18,1%, as JPMorgan refused long-term support of the company's shares, which led to the fact that the manufacturer of the aircraft entered the worst week in history.
it is Expected that the fed will cut interest rates a second time this month after completing its two-day monetary policy scheduled for next week.
the Yield on U.S. Treasury bonds fell as expectations of aggressive easing by the fed increased.
the Federal reserve of new York announced on Thursday that this week he will enter the 1.5 trillion USD in the new repo.
"Any government action associated with dollars which can be used for the banking system will be considered as positive," - said Period. "But what the market is looking for is real proof that the government is trying to prevent a recession."
Nearly 75% of U.S. companies experiencing supply problems due to the coronavirus, the survey showed the Institute for supply management (ISM). 16% of them in connection with these lowered targets for revenue on average by 5.6%.
In his presidential address on Wednesday U.S. President Donald trump announced a 30-day blockade of cargo and passengers from 26 countries of Europe.
He also said that the government will continue the terms of payment of taxes for victims of the pandemic, will increase loans to small businesses and will provide financial assistance to employees who are ill, are quarantined or caring for those who are sick.