US stock indices have sharply decreased against the background of coronavirus spread

The US stock market decreased sharply following the results of trading on Monday, the Dow Jones index recorded the largest fall since October. It is reported by Interfax.

According to the agency, the fall occurred against the backdrop of increasing anxiety about the spread of new coronavirus strains. Some investors are also concerned that prices will adversely affect consumption, which will force central banks to curtail stimulating measures.

According to The Wall Street Journal, analysts predict a gradual slowdown of economic growth in the United States this and next year. At the same time, growth according to the results of 2021 can become a record in almost 40 years. Experts surveyed by the publication predict the growth of the US economy this year by 6.9%.

However, last Monday, the S&P 500 index turned out to be in the minus, and the greatest losses were on the energy and financial sectors. So, Conocophillips shares have decreased by 3.2%, Exxon Mobil Corp. - by 3.4%. JPMorgan Chase & Co. shares. and Bank of America Corp. Set in price by 3.3% and 2.6%, respectively. Also, quotes of papers of American airlines fell. The price of shares United Airlines Holdings Inc. decreased by 5.5%, American Airlines Group Inc. - by 4.1%, Delta Air Lines Inc. - by 3.7%.

The Dow Jones index to close the market decreased by 2.09% and amounted to 33962.04 points. This is the maximum one -day decline in percentage terms from October 28, 2020.

NASDAQ Composite dropped 1.06% and amounted to 14274.98 points. The index completed the fifth session in a row in the minus, which is the longest series of reduction from October 19.