· Dow futures plunge 500 points after Trump says he tested positive for coronavirus
Stock futures plunged in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus.
Futures tied to the Dow Jones Industrial Average plummeted 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory.
Meanwhile, the yield on the benchmark 10-year Treasury Note fell to 0.6578%. Yields move opposite prices.
· As outage ends, Nikkei plunges after Trump catches coronavirus
Japan’s Nikkei average tumbled to a five-week low on Friday, after U.S. President Donald Trump said he tested positive for coronavirus, further complicating an already tangled U.S. election outlook.
A day after all share trading was suspended due to a system glitch, Nikkei lost 0.67% to 23,029.90, its lowest close in five weeks, though it has managed to end above its 25-day moving average. The broader Topix dropped 1% to 1,609.22.
Both indexes fell sharply after Trump said he and first lady Melania Trump had tested positive for COVID-19 and would immediately quarantine, erasing earlier gains.
· European markets lower as Trump tests positive for coronavirus
European stocks traded lower Friday morning after President Donald Trump said he and first lady Melania Trump had both tested positive for Covid-19.
The pan-European Stoxx 600 index slipped 0.8% in early morning deals, with all sectors and major bourses trading firmly in the red.
Reference: Reuters, CNBC
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