The US stock market on Tuesday trades adjusted downwards, reflecting the general reluctance of traders to take risks because of fears on account of the outbreak of an unknown virus in China. By 16:00 MSK SP500 sank to 3315 points, losing to the opening day of about 0.3%. Market participants are seriously concerned that the disease that can be fatal, rapidly spread throughout Asia as millions of Chinese go on a journey to the New year on the eastern calendar. In premarket trading shares in US airlines reduced
Shares of Delta Air Lines and American Airlines lost about 2% in the light of concerns about the impact of a virus outbreak on tourism. It is worth noting that support the national stock market could not even Donald Trump US president, speaking at a forum in Davos. In particular, in a speech to business leaders and leading politicians at the World Economic Forum Trump spoke about the strength of the US economy and the signing of the first phase of a trade agreement with China. He also noted the improvement of the US economy during his presidency, presenting a list of accomplishments from the lowest unemployment rate in half a century to significantly increased foreign investment flows.
SP500 further dynamics will depend on the content of the news background concerning the promotion of Chinese koronovirusnoy infection. Taking into account that yesterday was registered 4 case of death, we believe, to underestimate the scale of the potential panic and its devastating impact on the market sentiment is not exactly worth it.
SP500 SellStop 3305 TP 3220 SL 3330
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