About: http://data.cimple.eu/news-article/b0f3541af727a0e1a00212221eee1ab96af8fd94a4118e4c15351b19

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About: http://data.cimple.eu/news-article/b0f3541af727a0e1a00212221eee1ab96af8fd94a4118e4c15351b19 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks sank Friday as surging coronavirus cases prompted large US states to impose new public health restrictions, threatening the economic recovery following widespread business shutdowns. The Dow Jones Industrial Average plunged 2.8 percent, or 730 points, to 25,015.55. The broad-based S&P 500 tumbled 2.4 percent to 3,009.05, while the tech-rich Nasdaq Composite Index shed 2.6 percent to 9,757.22. Texas and Florida, which together are home to 50 million people, ordered bars to stop serving alcohol on site, along with other measures following huge jumps in virus cases. "We are facing a serious problem in certain areas," top infectious disease expert Anthony Fauci said Friday as the Trump administration's coronavirus task force held its first public briefing in two months. The actions by Texas and Florida will weigh on economic activity in the states, and also raised fears that business reopenings will be paused elsewhere, jeopardizing the US economy's already wobbly state. But there were other significant factors in Friday's rout, which pushed all three major indices into the red for the week. Large banks including Bank of America and Goldman Sachs fell more than six percent after the Federal Reserve late Thursday ordered the industry to suspend buybacks and limit dividend payments amid uncertainty over the coronavirus. Facebook dove 8.3 percent as it faced a widening boycott from major advertisers due to criticism it has not done enough to crack down on hate speech and incitements to violence. Chief Executive Mark Zuckerberg announced new measures shortly after Unilever joined Verizon among large companies in suspending spending on the platform, saying Facebook would ban a "wider category of hateful conduct." Dow member Nike dropped 7.6 percent as it reported a surprise $790 million loss amid a steep drop in revenues as the pandemic forced stores closed. But Gap surged 18.8 percent after it announced a new venture with Kanye West that will sell West's Yeezy brand in the chain's stores. jmb/cs
schema:headline	Dow ends 2.8% lower on worries about surging coronavirus cases
schema:mentions	Unilever Verizon Communications S&P 500 Index Dividend Dow Jones Industrial Average Gap Inc. Goldman Sachs Infection Hate speech MIM-3 Nike Ajax Federal Reserve Columbidae Impose (magazine) Public health Alcoholic drink Ebola virus disease Kanye West Mark Zuckerberg Boycott Presidency of Donald Trump Anthony S. Fauci Texas Pandemic Florida Facebook Severe acute respiratory syndrome coronavirus 2 NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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