Thursday 22 October 2020

Markets fall, US facing “exponential, explosive growth” of COVID-19

Markets were mostly lower on Wednesday.

The S&P 500 fell 0.1 percent and the STOXX Europe 600 fell 1.3 percent. However, the Nikkei 225 rose 0.3 percent.

A resurgent COVID-19 pandemic continued to weigh on markets, with six US states reporting record daily inceases in coronavirus-related deaths on Wednesday.

“We are not far from the period of exponential, explosive growth of #covid19 in the U.S.,” said Dr. Leana Wen, former Baltimore health commissioner, on Twitter.

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