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George Ma
May 13 13:26

Wall Street is declining due to risks associated with the opening of the economy

S&P 500 U.S. stock index is declining during a volatile session on Tuesday as risks of too early withdrawal of quarantine measures in the U.S. outweighed optimism about global economic recovery.
Chinese city of Wuhan, where COVID-19 was first detected, reported the first new cases of the virus since quarantine measures were lifted, raising fears of a second wave of the epidemic.
Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, warned Congress Tuesday that developing a coronavirus vaccine and bringing it to market "may take some time".
The index, which is called the "Wall Street Fear Indicator," is down for the fourth consecutive session, having fallen to a 10-week low, even though the data showed a record fall in consumer prices in the USA since the Great Depression in April.
Investors will focus this week on US retail sales statistics for April, which will be published on Friday.
By 23:49 SGT Dow Jones index fell by 0.06% to 24.206.95 points, S&P 500 dropped 0.23% to 2.923.60 points and Nasdaq rose by 0.06% to 9.197.44 points.