U.S. stock markets fell as much as 3.5 percent on Wednesday amid fears of sanctions after the corona virus epidemic escalated. New restrictions have been imposed in Europe as the incidence of Covid-19 has increased. After that, the possibility of sanctions in America is increasing. The Dow Jones Industrial Average fell 943 points on Wednesday. Similarly, the S&P 500 lost 3.5 percent. This was S & P’s biggest and third consecutive fall since June.
S&P has fallen 5.6 percent so far this week. This is the largest weekly fall since March. Restrictions were then imposed around the world because of the first wave of the epidemic. Due to this, it has been sold in the world market.
Markets have shrunk as new measures are taken to control the second wave of the epidemic in Europe. It also affected the US market. French President Emmanuel Macron has announced new restrictions to speed up the transition. In Germany, too, the government imposed a partial lockdown for a month.
New cases of coronavirus infection are on the rise in almost all states of the United States. Due to this, the number of deaths and hospitalizations is also increasing. This has increased the likelihood of re-imposing strict sanctions on the United States. The S&P 500 fell 119.65 points to 3,271.03. The Dow Jones Industrial Average also fell 943.24 points, or 3.4 percent, to 26,519.95. The Nasdaq Composite Index fell 426.48 points, or 3.7 percent, to 11,004.87. The S&P 500 witnessed total sales and lost 96 percent of its shares. Meanwhile, US crude 5. fell percent to $ 3.39. Brent crude also fell 5.4 percent to. 39.12.
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