Indices in the US Started the Day With a Decrease

Indices in the US started the day with a decrease. Indices lost value on the last trading day of the week.

At the beginning of the day, the Dow Jones index lost 200 points and was traded at 30.975.51 points with a 0.64 percent decrease. The S&P 500 index fell 0.48 percent to 3,834.47 points and the Nasdaq index fell 0.34 percent to 13,485.12 points. Markets that jumped in the middle of the week after the inauguration ceremony of the new US President Joe Biden on Wednesday started to reach a positive point. Although the election of Joe Biden as president increased the expectations about the coronavirus incentive package and created a positive trend in the markets, the point reached in the epidemic dissipated the positive atmosphere. While the number of new types of coronavirus cases increased rapidly in Asian countries, especially in China, the number of people detected with coronavirus exceeded 25 million in the USA. While hopes were weakening in the coronavirus epidemic, the first thing that Biden tackled as soon as he took office was the fight against the coronavirus epidemic. Explaining his strategy to combat the coronavirus (Covid-19) epidemic since the first day he took office, Biden pointed out that there was a "black winter", that the loss of life from the epidemic could reach 500 thousand in the USA until next month and that things will deteriorate before they get better. Biden, who signed some decrees to combat the coronavirus epidemic, emphasized that he will do his best to approve the financial stimulus package as soon as possible. Today, Joe Biden is expected to sign two decrees to increase the rights of employees during the food support and coronavirus (Covid-19) outbreak. In addition, the appointment of Janet Yellen, for whom Biden nominated for the Ministry of the Treasury, is also expected to be approved by the Senate.