Pneumonia epidemic threatens, European and American stocks slide

world economy

Written by: Zhang Zijie

2020-03-06 03:36

The U.S. stock market experienced a major rally on March 4, but new pneumonia continued to spread locally and in Europe, causing the European and American stock markets to ride a roller coaster on the 5th. Among them, the Dow once plummeted by a thousand points and evaporated yesterday's increase. European stock markets also closed down.

British Flybe Airways has suffered from a long-term sluggish operation, and a new pneumonia epidemic has hit the tourism industry, which has become a devastation for the company to be taken over. (Reuters)

Pneumonia epidemic hits tourism industry, British low-cost airline Flybe announces takeover, Southwest Airlines issues profit warning, United Airlines cuts flights, etc. The International Air Transport Association (IATA) predicts that the global aviation industry may lose $ 113 billion in 2020, leading to S & P Aviation stocks were under pressure and fell 8.1%.

And there are worries that there will be another outbreak of cruises. Cruise stocks such as Royal Caribbean Cruises and Carnival Corp have fallen by more than 10%.

As of 2:30 pm local time on the 5th, the Dow was reported at 26087.32 points, down 1003.54 points, a drop of nearly 3.75%.

The Nasdaq was reported at 8733.47 points, down 284.62 points, down 3.16%.

The S & P 500 index closed at 3016.91 points, down 113.21 points, or a decline of 3.62%.

European stock markets closed down across the board. The British FTSE 100 index closed at 6715.34 points, down 100.25 points, or 1.47%. The German DAX index was reported at 11963.02 points, down 164.67 points, or a decrease of 1.36%. The French CAC index was at 5361.10 points, down 103.79 points, or 1.9%.

[New Crown Pneumonia] Italy Confirms 4,000 Cases, France 138 More Cases

[New crown pneumonia. Measures] Japan Media News: Japan intends to suspend visa-free entry for Hong Kong people

[New Crown Pneumonia] Danish World Cup star confirmed more than two professional players must be isolated

[New Crown Pneumonia] Reuters: Thailand requires China, Hong Kong, Macao and other immigrants to self-isolate for 14 days starting on the 6th

[New Crown Pneumonia · United States] Cruise Ship Supreme Princess infected with 21 dead on board

US stocks European stock market Wuhan pneumonia new crown pneumonia