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Coronavirus: Stocks slide at the open despite Fed’s massive credit boost

Usa covid-19 S&P 500 Dow Jones Industrial Average
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U.S. stocks opened lower on Monday as a brief spurt of optimism from an aggressive credit boost by the Federal Reserve was overshadowed by the still rapidly spreading coronavirus pandemic.

The Dow Jones Industrial Average fell 145.62 points, or 0.76 per cent, at the open to 19,028.36. The S&P 500 opened lower by 14.21 points, or 0.62 per cent, at 2,290.71.

The Nasdaq Composite dropped 32.23 points, or 0.47 per cent, to 6,847.28 at the opening bell. In Toronto, the benchmark S&P/TSX composite index was down 318.71 points to 11,851.81 at 9:50 a.m.

ET. The Canadian dollar was trading at 69.49 cents US compared to an average of 69.77 cents US on Friday. The Federal Reserve on Monday mounted an extraordinary new array of programs to offset the

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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