Business Standard

Global stock markets retreat after Donald Trump tests Covid-positive

While Trump was said to be experiencing only mild symptoms, his diagnosis adds to gloomy developments around the virus as big cities once again turn into hotspots.

Donald Trump, US elections
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Investors will be watching this weekend for news on Trump’s health and the spread of the coronavirus.

Bloomberg
US stocks slumped and bets on volatility increased as traders weighed the implications of President Donald Trump’s positive test for the coronavirus along with renewed efforts in Washington to reach a deal on fiscal stimulus.
 
The S&P 500 Index pared the worst of its losses following comments from House Speaker Nancy Pelosi that she would work to find compromise with Republicans on a bill. A disappointing jobs report that showed less hiring than analysts had estimated underscored the urgency to push through an aid measure to help US workers. The Nasdaq 100 underperformed amid losses for tech companies including

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