Dow Futures Plunge More Than 400 Points After President Trump Says He And The First Lady Tested Positive For The Covid-19 Coronavirus

Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!

— Donald J. Trump (@realDonaldTrump) October 2, 2020

As too many Americans have done this year, @potus & I are quarantining at home after testing positive for COVID-19. We are feeling good & I have postponed all upcoming engagements. Please be sure you are staying safe & we will all get through this together.

— Melania Trump (@FLOTUS) October 2, 2020

CNBC: Dow futures plunge more than 400 points after Trump says he tested positive for coronavirus

Stock futures plunged in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus. 

Futures tied to the Dow Jones Industrial Average plummeted 435 points after earlier plunging more than 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory. 

Meanwhile, the yield on the benchmark 10-year Treasury Note fell to 0.6627%. Yields move opposite prices. 

White House physician Sean Conley said in a memo, “The President and First Lady are both well at this time, and they plan to remain at home within the White House during their convalescence.” 

He also said he expects Trump to “continue carrying out his duties without disruption while recovering.” 

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WNU Editor: Here is an easy prediction. If President Trump's condition worsens, there is going to be a bloodbath in the markets.

from War News Updates https://ift.tt/2SkIXdv