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The Stock Exchanges in New York Opened with Losses on Thursday

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The stock exchanges in New York were opened with losses on Thursday. Just as in Asia and Europe, investors in New York are focused on the further developments surrounding the coronavirus that is spreading.

 

Besides, attention is focused on a series of operating results and the interest rate decision of the European Central Bank (ECB). The ECB kept interest rates unaffected as expected.

Shortly after the opening bell, the Dow-Jones index was 0.7 percent lower at 28,972 points. The broad S&P 500 fell 0.6 percent to 3302 points, and technology level meter Nasdaq dropped 0.5 percent to 9339 points.

The Chinese metropolis of Wuhan, where the first corona infection with the virus was detected, has closed its airport and train stations. The authorities also isolate the nearby city of Huanggang. In China, hundreds of millions of people are about to travel to celebrate Chinese New Year.

Care and cleaning product producer Procter & Gamble (P&G) announced that profits and sales have increased in the past quarter and that the forecasts for the entire current financial year are being increased. Turnover, however, was lower than expected, and the share fell by nearly 1 percent in the first minutes of trading.

Chip group Texas Instruments lost more than 2 percent after opening the books. A lower profit was achieved in the past quarter and Texas Instruments barely managed to meet its own forecasts.

The American aviation sector is also in the spotlight, with figures from Southwest Airlines and American Airlines. They lost up to more than 4 percent.

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