InvestorQ : Why have the US and European markets come under pressure on 24 June?
diksha shah made post

Why have the US and European markets come under pressure on 24 June?

Answer
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Dhwani Mehta answered.
3 months ago


Dow and the NASDAQ suffered a sharp fall on opening on Wednesday after there were reports of a sudden spurt in Coronavirus cases. There were also fears that the US could see a second round of Coronavirus afflictions. The US already has the largest number of COVID-19 afflictions and casualties.

Globally, US indices were down by over 2% while European markets were down by over 3%. Asia is also lower in early trades on 25 June. In fact, the major reason for the Indian markets to correct so sharply in the second half on 24 June was the tepid opening of Dow Futures trading and that weakness sustained through the day on rising COVID-19 case fears.