Breaking: US President Trump tests positive, S&P 500 Futures slumps over 30 points

Early Friday, US President Donald Trump tweeted of him testing positive on the coronavirus (COVID-19) after one of his team member got infected before a few hours. 

Following the news of Hope Hicks' covid-19 infection, US President Trump and Wife Milenia both appeared for the tests and waited for results. The global markets turned cautious before tanking on the confirmation that the leader of the world's biggest economy is infected with the deadly virus.

The CNBC came out with the comments from the White House physician Sean Conley saying, "The President and First Lady are both well at this time, and they plan to remain at home within the White House during their convalescence.” The news also said he expects Trump to “continue carrying out his duties without disruption while recovering.”

S&P 500 Futures slips below 3,350...

Following the news, S&P Futures slumped from 3,362.62 to currently around 3,319, down over 1.40% intraday. With the COVID-19 stimulus talks already in the jeopardy, US President Trump's quarantine will add uncertainty into the global markets. The same can help the US dollar to recover the latest losses. That said, the US Dollar Index (DXY) recently jumped towards 94.00 while printing 0.26% gains on a day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD bounces from 1.18 after robust German Manufacturing PMI

EUR/USD is trading above 1.18 after German Manufacturing PMI beat estimates. Other PMIs missed expectations. US fiscal stimulus and the election developments are eyed.


GBP/USD retreats amid mixed Brexit headlines

GBP/USD has retreated from the highs around 1.31 after UK minister Truss reiterated that the UK could leave without a deal. Ireland´s Coveney expressed more optimism. UK retail sales beat estimates while PMIs were mixed.


XAU/USD's reversal from $1,914 contained at $1,895 support area

Gold’s upside attempt witnessed during the Asian and European trading sessions has been halted at $1,914 on the Early US session as market sentiment plunged and the precious metal has dropped to find support at $1,895.

Gold News

Forex Today: Dollar clings to gains after the presidential debate, Bitcoin extends gains, PMIs eyed

The US dollar is holding onto Thursday's recovery, The presidential debate was more civilized than the previous one and post-event opinion polls are awaited. Earlier, hopes for a stimulus bill faded and allowed the dollar to recover. PMIs and COVID-19 statistics stand out on Friday.

Read more

WTI hits one-week low at $39.55 after Baker Hughes’ report

Front-month WTI futures’ reversal from day tops near $41 has extended to one-week lows at $39.55 on Friday after Baker Hughes reported that US oil and gas rigs increased to their highest level since May last week.

Oil News