WASHINGTON, Oct 2 — US stock futures extended losses today after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of elections. Futures for the S&P 500 slid 1.21 per cent by early afternoon in Asia, while Treasury yields also fell. The US dollar...
Friday, 02 Oct 2020 12:35 PM MYT
Futures for the S&P 500 slid 1.21 per cent by early afternoon in Asia, while Treasury yields also fell. He later tweeted he and the first lady had tested positive: “We will begin our quarantine and recovery process immediately,” he said. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.27 per cent. Australia's S&P/ASX 200 index fell 0.98 per cent as a decline in oil and copper prices weighed on the country's resources sector.
Markets had been choppy early after a spate of data, including jobless claims and consumer spending, suggested that the plodding US economic recovery could be losing steam. US markets kicked off the fourth quarter by closing higher yestwrday while investors tracked progress in negotiations for additional fiscal stimulus.
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