The Stock Exchanges in New York Started Trading with Small Losses on Thursday

Read Time:1 Minute, 7 Second

The stock exchanges in New York started trading with small losses on Thursday, following the record levels of a day earlier. The European stock exchanges also took a step back.

The new coronavirus continued to determine market sentiment. According to the latest figures from the World Health Organization, the death toll increased to 2129 and the number of infections is getting closer to 100,000.

Shortly after the opening bell, the Dow-Jones index was 0.1 percent lower at 29,321 points. The broad-based S&P 500 also fell 0.1 percent to 3382 points and technology exchange Nasdaq dropped 0.2 percent to 9800 points. The indicators ended with records on Wednesday.

At the takeover front, Morgan Stanley bought the online broker E-Trade Financial to strengthen its asset management services. A $ 13 billion price tag was attached to the transaction. The Morgan Stanley share fell by around 4 percent.

The companies also paid a lot of attention to Victoria’s Secret lingerie brand. Investor Sycamore takes a majority stake of 55 percent in the lingerie fashion house, known for its fashion shows with top models.

The remaining shares remain in the hands of parent company L Brands, which lost nearly 9 percent in the first minutes of trading. Victoria’s Secret has recently been accused of a woman-unfriendly attitude.