On Wednesday, the financial markets have again deteriorated since the coronavirus has continued to spread relentlessly, the government has stepped up its efforts to contain it, and investors continued to wait while lawmakers in Washington take action on proposals to strengthen the American economy.
Sale on Wednesday repelled another surge of sentiment on wall street. Shares jumped on Tuesday when the White house called for urgent action to pump $ 1 trillion into the economy. At the end of the day, the stock really recouped some losses, as the Senate approved a bill to provide sick leave, unemployment benefits, free testing for coronavirus and other assistance. Mr. trump is expected to sign it.
But when all was said and done, the S & P 500 fell by about 5 percent, stocks in Europe fell sharply and oil prices fell.
Renewal sales showed the fragility of became any benefit, yet the virus continues to spread, and the number of cases continues to grow at a staggering rate.
Disturbances in the environment were evident in other markets. The British pound has fallen to its lowest level in 35 years against the U.S. dollar.
The us oil benchmark, West Texas Intermediate, fell 24 percent to just over 21 dollars per barrel, the lowest prices since 2003. Global benchmark Brent crude declined to just above $ 25 per barrel, a level just below the January 2016. The price of oil exceeds 60 percent lower than they were in the beginning of the year.