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US stock market declined on news from New York



S&P 500 Index Chart at 1 Minute Intervals. Futures on US stock indexes started Monday with a small gap up and continued to rise until the main trading session opened. But then New York Mayor Bill de Blasio told CNN that he saw the possibility of a “full shutdown” in the city, and the news triggered a rapid 1% decline in the S&P 500 index. “There is the potential for a full pause, a full shutdown in the coming weeks, because we cannot allow this momentum to continue,” the official said, commenting on the rise in new Covid-19 cases and hospitalizations in the city and state. “We are seeing a level of coronavirus infection that has not been seen since May, and we need to stop this momentum or our hospital system will be at risk.” After that, the official added that the virus must be stopped at any cost, as it could cause “too much damage.” According to him, it is necessary to stop the virus in order to get the time and opportunity for the normal distribution of the vaccine. MarketSnapshot – ProFinance.Ru news and important market events in Telegram

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