Weekly trade openings were characterized by sharp declines that led to a halt in trading and renewed after about fifteen minutes. • In Israel: Ministry of Health announcement ceased trading in Tel Aviv
Wall Street falls // Photo: IP
The global economic crisis continues and translates into numbers on stock exchanges around the world. Weekly New York Stock Exchange trading stalled for a quarter of an hour due to sharp declines, with leading indices plunging about 12 percent. Most of the damages, as expected, among leisure and technology airlines.
The companies that suffered most of the damage today are United Airlines with a 25% drop, Boeing and Tesla slightly below it with 17 -16 percent respectively. Nike and McDonald's stand out with a fall of about 12 percent. The price of oil, incidentally, has fallen by about nine percent and its value has dropped from $ 30 a barrel.
Meanwhile, in Israel, for the third time since the Corona crisis broke out, the Tel Aviv Stock Exchange was halted for about half an hour due to the incorrect update that came from the Ministry of Interior and the panic that followed. About 8.3% and the banks index cut by 7.7%.
Trading in Europe is also falling sharply due to the Federal Reserve's relatively low interest rates. London drops to 10%, Madrid loses 11.1% and Milan falls 9.8%.