Dow Futures Plunge Post England Stay-At-Home Order

November 02, 2020 11:57 AM AEDT
Team Kalkine

Stock futures dropped in overnight trading on 1 November 2020, in the midst of fear that surging coronavirus cases might slow the economy.

The losses were incurred as England implemented a stay-at-home order and because traders prepare themselves for the upcoming US Presidential election on 3 November 2020. This event might also delay a much-required financial stimulus for the economy of the US.

England has closed down all non-essential businesses for next four weeks after more than 22,600 Covid-19 cases were reported in a week.

Besides, the US is also struggling with the surging new coronavirus cases. The country registered 99,321 new cases on 30 October 2020.

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Dow Futures

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