5/11, 3:30 PM (Source: TeleTrader)
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Wall Street sinks at open with COVID-19 in focus

Stocks on the United States markets plunged at the open on Monday with investors focusing on developments regarding the coronavirus pandemic. According to the last information from Johns Hopkins University, the number of confirmed cases of coronavirus in the US rose by 20,039 to total 1,329,203 with 79,525 deaths recorded. Meanwhile, numerous China officials are allegedly asking to renew trade talks with the US and insist on a more reciprocal approach. Amid the coronavirus crisis, United States President Donald Trump slammed China, saying it was guilty of the pandemic.

The Dow sank 0.87% at the open with Caterpillar Inc. falling by 1.84%. The Nasdaq started 0.66% lower as Marriott International decreased by 4.70%. The S&P 500 kicked off by declining 0.89%. United Airlines Holding led the losses, declining 5.45%.

The euro stood flat against the dollar to sell for $1.08320 at 9:30 am ET.

Breaking the News / TF