Coronavirus Concerns Push Wall Street Deep into the Red

Coronavirus Concerns Push Wall Street Deep into the Red

The stock markets in New York started considerably lower on Thursday. Concerns about the economic impact of the new coronavirus prevail on Wall Street, as the epidemic increasingly makes itself felt in the United States.

In California, for example, the state of emergency applies because of the virus outbreak.

Just after the opening bell, the Dow-Jones index was 2.3 percent lower at 26,460 points. The broad S&P 500 lost 2.2 percent to 3062 points, and technology grant Nasdaq fell 1.9 percent to 8845 points.

Airlines are again in the spotlight. The international trade association IATA warned of billions in damage to the sector due to the virus. Delta Air Lines was lowered by 5.5 percent, and American Airlines fell by nearly 8 percent.

Manpower broadcaster lost 3.7 percent. The British counterpart Page Group reported feeling the impact of the new corona virus in China, where many people could not go to work.

Supermarket chain Kroger came up with quarterly figures that were better than average analysts had expected. The group is also maintaining its outlook for this year, despite the corona epidemic. The share won 0.3 percent.

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