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4/13, 10:01 PM (Source: TeleTrader)
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US markets close mixed, COVID-19 remains in focus

Equities in the United States finished Monday’s session mixed, paring earlier losses. The Dow ended more than 320 points in the red, as investors were trying to figure out further implications regarding the coronavirus pandemic. On the commodities front, the price of gold in euros and Swiss francs surged to an all-time high, confirming the investors’ search for safe-haven instruments amid global market uncertainty.

The Dow Jones Industrial Average fell 1.37% at the closing bell, pulled down by 8.71% drop in Caterpillar. The S&P 500 lost 0.92% as Royal Caribbean Cruises plunged 17.03%. The Nasdaq 100 increased by 1.14%, with Tesla gaining 13.60%.

The euro moved 0.17% lower against the dollar to go for $1.09162 at 4:03 pm ET, while the pound gained 0.37% against the greenback to sell for $1.25175 at the same time.

Breaking the News / BJ