USA-Stocks/Drop

US stocks close sharply lower amid coronavirus fears

  • English

Shotlist


Beijing, China - Oct 29, 2020 (CCTV - No access Chinese mainland)
1. Graphic showing changes to U.S. stock indexes

FILE: New York City, USA - April 22, 2020 (CCTV - No access Chinese mainland)
2. Statue, U.S. national flags, New York Stock Exchange
3. Nasdaq MarketSite

FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
4. Various of empty Times Square

New York City, New York, USA - Recent (CGTN - No access Chinese mainland)
5. Various of people dining outdoors

FILE: Los Angeles, California, USA - July 3, 2020 (CCTV - No access Chinese mainland)
6. Various of pedestrians

FILE: Los Angeles, California, USA - July 9, 2020 (CGTN - No access Chinese mainland)
7. Medical workers at COVID-19 testing site
8. Various of medical workers testing people in car, directing vehicles

FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
9. Various of White House, U.S. national flag

Storyline


U.S. stocks ended sharply lower on Wednesday, as Wall Street has grown concerned over the country's soaring COVID-19 infections.

The Dow Jones Industrial Average fell 3.43 percent to 26,519.95, marking the lowest point since June 11. The Standard and Poor's 500 decreased 3.53 percent to 3,271.03, and the Nasdaq shed 3.73 percent to 11,004.87.

The Dow Jones Industrial Average has plunged 6.4 percent so far this week, its largest weekly decline since March.

The Standard and Poor's 500 shrunk 5.6 percent during the same time period, also seeing its worst weekly performance since March. Meanwhile, the Nasdaq is down 4.7 percent since the beginning of the week.

The market moves came as some countries resumed social distancing practices amid fresh COVID-19 cases.

In the U.S., more than 8.83 million COVID-19 cases have been reported, with the death toll topping 227,400 as of late Wednesday night, according to a tally by Johns Hopkins University.

Surging infections have prompted Illinois to ban indoor dining in Chicago. Stock prices of some U.S. companies also took a nosedive this week due to coronavirus restrictions and their expected economic impacts.

DOWNLOAD
  • ID : 8163402
  • Dateline : Oct 28, 2020/Recent/File
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'00
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2020-10-29 05:08
  • Last Modified : 2020-10-29 06:16:05
  • Version : 2

USA-Stocks/Drop

US stocks close sharply lower amid coronavirus fears

Dateline : Oct 28, 2020/Recent/File

Location : United States

Duration : 1'00

  • English


Beijing, China - Oct 29, 2020 (CCTV - No access Chinese mainland)
1. Graphic showing changes to U.S. stock indexes

FILE: New York City, USA - April 22, 2020 (CCTV - No access Chinese mainland)
2. Statue, U.S. national flags, New York Stock Exchange
3. Nasdaq MarketSite

FILE: New York City, USA - Date Unknown (CGTN - No access Chinese mainland)
4. Various of empty Times Square

New York City, New York, USA - Recent (CGTN - No access Chinese mainland)
5. Various of people dining outdoors

FILE: Los Angeles, California, USA - July 3, 2020 (CCTV - No access Chinese mainland)
6. Various of pedestrians

FILE: Los Angeles, California, USA - July 9, 2020 (CGTN - No access Chinese mainland)
7. Medical workers at COVID-19 testing site
8. Various of medical workers testing people in car, directing vehicles

FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
9. Various of White House, U.S. national flag


U.S. stocks ended sharply lower on Wednesday, as Wall Street has grown concerned over the country's soaring COVID-19 infections.

The Dow Jones Industrial Average fell 3.43 percent to 26,519.95, marking the lowest point since June 11. The Standard and Poor's 500 decreased 3.53 percent to 3,271.03, and the Nasdaq shed 3.73 percent to 11,004.87.

The Dow Jones Industrial Average has plunged 6.4 percent so far this week, its largest weekly decline since March.

The Standard and Poor's 500 shrunk 5.6 percent during the same time period, also seeing its worst weekly performance since March. Meanwhile, the Nasdaq is down 4.7 percent since the beginning of the week.

The market moves came as some countries resumed social distancing practices amid fresh COVID-19 cases.

In the U.S., more than 8.83 million COVID-19 cases have been reported, with the death toll topping 227,400 as of late Wednesday night, according to a tally by Johns Hopkins University.

Surging infections have prompted Illinois to ban indoor dining in Chicago. Stock prices of some U.S. companies also took a nosedive this week due to coronavirus restrictions and their expected economic impacts.

ID : 8163402

Published : 2020-10-29 05:08

Last Modified : 2020-10-29 06:16:05

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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