Wall Street closes sharply lower as Trump tests positive for coronavirus
U.S. stocks closed lower on Friday as news that U.S. President Donald Trump tested positive for COVID-19 put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election.
The Dow Jones Industrial Average .DJI fell 134.09 points, or 0.48%, to 27,682.81, the S&P 500 .SPX lost 32.36 points, or 0.96%, to 3,348.44 and the Nasdaq Composite .IXIC dropped 251.49 points, or 2.22%, to 11,075.02.
Dow futures rise more than 100 points in overnight trading as investors monitor Trump’s health
Stock futures rose in overnight trading on Sunday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day.
Futures on the Dow Jones Industrial Average climbed about 150 points. The S&P 500 futures and the Nasdaq 100 futures both rose about 0.5%.
Trump said in a minute-long video posted on Twitter late Sunday that “we are getting great reports from the doctors.” The president also took a short, last-minute motorcade ride to wave to his supporters standing outside the hospital.
Reference: CNBC, Reutes
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