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Wall Street falls more than 2% after the Nasdaq highs and the outbreak of the pandemic


Outstanding falls greater than 2% in Wall street after the historical highs of Nasdaq marked this Tuesday and as investors focus their attention on the outbreak of the coronavirus pandemic, which threatens the economic recovery discounted by the market in recent weeks. Investors also don't like US tariff tensions with the EU.

These factors, together with the high levels of valuation that has reached the American variable income, they turn any collection of benefits into a considerable correction like the one of this day.

In health matters, the coronavirus continues to put markets in check. The White House health adviser, Anthony Fauci, has recognized that the country is attending "an uneasy" positive rebound in recent days.

The most affected states are California, Arizona and Texas, precisely those who previously reopened their economies and are now being forced to close them again. Furthermore, the situation of Florida and in general that the pandemic continues to spread uncontrollably throughout the country.

Politics also set the investor agenda again. When the dialectical fire created by Peter Navarro, the controversial advisor to Trump, which gave up on the trade agreement with China, investors focus on the fact that The US is studying the possibility of applying tariffs worth 3.1 billion dollars to imports from the United Kingdom, France, Spain and Germany.

The decision would be motivated by the US dispute with the European Union involving the European company Airbus and his American rival Boeing.

In other markets, the West Texas oil up 0.1% to $ 40.80. Besides, the ounce of gold up 0.8% to $ 1,781, while the euro 0.47% is appreciated and it is changed to $ 1.1311. Finally, the profitability of 10-year American bond it rises to 0.71%.


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