Stocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe

  • 📰 NPR
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Stocks on Monday were heading for their worst day since early September — amid surging coronavirus cases in the U.S. and Europe, and declining optimism about another pandemic relief bill.

United Airlines employees work at ticket counters at Chicago's O'Hare International Airport on Oct. 14. United and other airline stocks have been hard-hit by the pandemic economic slowdown.United Airlines employees work at ticket counters at Chicago's O'Hare International Airport on Oct. 14. United and other airline stocks have been hard-hit by the pandemic economic slowdown.

The declines happened amid reports that coronavirus cases have spiked in the United States, with more than 80,000reported on Friday and Saturday, while France and Italy registered a record number of new cases. Companies slammed by the pandemic, such as airlines and travel companies, were among those hardest-hit, with United Airlines down more than 7% in afternoon trading."There continue to be wide swaths of the U.S. economy which simply cannot get back to normal in a worsening pandemic, including travel, leisure, entertainment, restaurants and bricks-and-mortar retailing," said David Kelly, chief global strategist at J.P. Morgan Funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All politics from a truly Evil woman.

So why does anyone still believe that Trump is somehow good for the economy? He is clueless.

You don’t say. Typical Trump bad business decisions keeping economy down. Short-term profit versus long-term gain. In this case the latter would’ve been wiser. Of course 45 chose the first one. 🤦🏽‍♀️

eternal life Jesus congress organizing a 1 float parade ...

Uh oh realDonaldTrump

This is the metric the President is constantly touting. What’s he saying about it now.

No one should be surprised by this. Until the pandemic is brought under control, the economy cant recover. Those protesting masks and large gatherings are just prolonging the whole thing. So many American 'patriots' are so self-centered they forgot they are part of a nation.

Must be fake news. After all, BunkerBoyTrump says we have the best economy, the bigliest, the likes of which the world has ever seen!

Best economy ever

All the airline COO and CEO types are just getting their things together so they can AGAIN be at the front of the socialism line they love to say they hate but truly love because their pockets are always & forever getting lined with tax dollars.

Biden leading in polls. His plan is to shut everything down and the market is merely reflecting that. SWBI and Vista are all up 120%+. It's not Covid. Or not just Covid rather.

Trumps America. Atleast for 8 more days

Joe Biden's America!

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan stocks set tor mixed open as coronavirus cases in the West surge; oil prices dropInternational benchmark Brent crude futures fell 1.68% to $41.07 per barrel, as of 7:27 a.m. HK/SIN. U.S. crude futures also declined 1.73% to $39.16 per barrel.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Drop on Coronavirus Uptick, Fading Stimulus HopesU.S. share benchmarks and oil prices fell as coronavirus cases surged in America and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. But the economy is doing so well LOL Yet $btc is up. Go figure, legacy losers
Source: WSJ - 🏆 98. / 63 Read more »

Coronavirus restrictions, SAP slump knock European stocksEuropean stocks sank on Monday, as Italy and Spain imposed fresh restrictions to control a resurgence in coronavirus cases, while shares in German heavyweight SAP slumped 20% after it cut its 2020 outlook. يصنعون الإرهاب ويمولوه ثم يتهمون به من جاء رحمة للعالمين اغضب_لرسول_الله ❤❤
Source: Reuters - 🏆 2. / 97 Read more »

Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be foundWall Street is tumbling on Monday as coronavirus, Washington intransigence and earnings weigh on the market. eh I'm sure those investment companies will be just fine, they always bounce back. realDonaldTrump as no plans for anything he nysts shouts and complains America needs a real President and a strong Vice president so vote realDonaldTrump and VP out and VoteBidenHarrisToSaveAmerica So pandemic...spreading...stocks ...tumbling...businesses closing.... Can we please get a new President soon?
Source: cnnbrk - 🏆 393. / 55 Read more »

US stocks tumble toward worst day in a month amid virus woesDEVELOPING: Stocks are slumping sharply in midday trading, deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy. 🎃🎃🎃contactless WhiteHouse...
Source: ABC - 🏆 471. / 51 Read more »

Global stocks tumble as investors dump risk with COVID-19 cases rocketing and no US stimulus deal | Markets InsiderBoo f**king hoo. Wall Street isn't the economy. TaxTheRich Donald knows he's losing so he doesn't give a fauq about the economy now. Check it out! Do You Want To Create 10 Amazing Animated Logo Intro Video In $5 ? Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation
Source: BusinessInsider - 🏆 729. / 51 Read more »