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6/19, 9:59 PM (Source: TeleTrader)
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US closes mostly in red over COVID-19 fears

Major stock markets in the United States closed mostly in the red territory on Friday due to numerous technical factors. President of the Federal Reserve Bank of Minneapolis Neel Kashkari said he envisions a second wave of the coronavirus across the US, probably this fall. Meanwhile, Apple decided to reclose its stores in Florida and Arizona due to the same worries.

The Dow Jones Industrial Average traded lower at the end of the session, dropping 207 points or 0.80% with the Walt Disney Co declining 3.03%. At the same time, the S&P 500 decreased by 0.56%. Ventas Inc was the worst performer falling by 9%. Meanwhile, the Nasdaq 100 stood flat at the closing bell with United Airlines Holdings losing 6.35%.

The euro went down by 0.18% compared to the dollar, with the exchange rate of 1.11844 at 4:01 pm ET.

Breaking the News / TF