Stocks Sink As Rising Coronavirus Cases Deepen Fears About Economy

The U.S. flag hangs outside the New York Stock Exchange on Oct. 14, 2020, in New York. Stocks sank on Wednesday as rising coronavirus cases spooked investors.The U.S. flag hangs outside the New York Stock Exchange on Oct. 14, 2020, in New York. Stocks sank on Wednesday as rising coronavirus cases spooked investors.Stocks fell sharply on Wednesday as a spike in coronavirus cases deepened fears about the global economy.

Investors have been grappling with a wave of uncertainty that's already sent the market lower in recent weeks. The White House and Democrats in Congress have struggled to agree on a new stimulus bill, and the possibility of a contested election makes the likelihood of an agreement even murkier. "If I haven't made it clear, we are in that second wave that we have been alluding to for months," said Dr Ngozi Ezike, director of the state's department of public health.

The ongoing slowdown in economic activity is taking a toll on companies, especially those that depend on travel and tourism.Boeing said on Wednesday it plans to cut thousands of additional jobs through next year, because of the decline in air travel. The airplane maker reported its fourth quarterly loss, sending its shares down 2.5%.

Sure. Now they're trying to pull out all stops to tank the market. Pathetic

Fake news npr JoeBiden hasn’t been elected and he is already hurting the economy 4MoreYears BidenCrimeFamiily KeepAmericaGreat realDonaldTrump

This is the GOP Bush Administration ending all over again. A failed Administration where the democrats come in 2021 and restore America. This time is worst than 2016.

This is 100% disinformation You have ZERO evidence that a down market day is connected to fakenews reporting about COVID19

They are worried Biden could win. Buy like crazy!! When Trump landslides this election, make your money.

Could be the markets are reacting to the possibility of a pack of Marxists stealing the election?

Look at deaths not cases. Some people with the virus don't know it.

What’s a stock?

Is that why it fell? Glad we can trust the untrusted FakeNews for this information 🙄

people shud be worried..this man baby we have as a president....why any business would trust what he says..I think with all their tax cuts, they buy back their own stocks, lay off people so it's all been smoke n mirrors up to this point..feel badly for those stuck in 401k plans

Biden corruption story still a 'distraction'

Ya think?!?!

MariaBartiromo trish_regan

Folks, stock market isn't the economy. It is a part of the economy. How stocks work is another thing Trump doesn't know.

I'd say it is more like rich Trump Supporters manipulating the Market to say it is fear of a Biden Presidency, but whatever.

And 'the people' get really tired of suffering while those in the 'market' class act like this is a time for making profits!

realDonaldTrump, even using the stock market, your measure of economic success, our country’s economy under your presidency sucks. I bet your grifter family & wealthy friends are reaping huge profits from insider information. You squander and damage everything you touch.

The President and his Administration chose “NOT TO SLOW” the spread of coronavirus here in America “WASTING 8 MONTHS NOW” while other National Leaders have slow the spread and are safely reopen their countries. AS OF TODAY we are at 232,101 US DEATHS averaging OVER 800 per day!

AMAZING what a TRUE National Leader can do when they are HONEST with their people. The President continues to fail badly, Joe WILL BE EXPECTED to find a way to achieve the same results as Jacinda Ardern has. With 62 Million Americans already voting, we expect positive RESULTS!

H E A L T H C A R E . . I S . . B I G

Something tells me COVID19 is not going to be a big issue beginning Wednesday morning.

More likely, worry about a Biden presidency. The stock market is based on anticipated future results.

nice

Trump has given up, waved the white flag, and now we will pay in lives lost and jobs lost as the economy crumbles.

Yay Trump! Killing our 401ks to own the libs.

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Stocks sink on Wall Street as virus cases continue to spreadStocks open sharply lower on Wall Street as virus cases spread and as European countries move toward imposing more restrictions. Crude oil prices fell sharply on expectations that demand for energy would weaken even more. 232,101 dead and counting. Let us never forget or forgive Trump's virus denial- PLEASE VOTE 1/22 We have it totally under control. 2/28 this is their new hoax 6/17 It’s fading away 6/18 Numbers are starting to get very good 7/19 It’s going to disappear 8/3 It’s under control The Trump2020 National Debt, Jobs and Covid Scorecard with (6) days left before Election: TrumpVirus VoteBlueToSaveAmerica TrumpLiedAmericansDied realDonaldTrump is running our country's economy like his own businesses: into the ground.
Source: AP - 🏆 728. / 51 Read more »

Stocks Open Sharply Lower on Rising Virus CasesElevated infection levels stoked concerns that more lockdown measures may be imperative, potentially dealing another blow to the economic recovery. The Dow Jones Index fell 589.10 points, or 2.15%, to 26874.05 points at the opening. There will be a big upswing for some stocks after a president is determined. Every president benefits differently in the stock market. Baloney. It’s the fear of Biden being elected...
Source: WSJ - 🏆 98. / 63 Read more »

Showbiz, Tech Shares Sink As COVID Jitters Slam Market; Big Week For EarningsA broad market plunge dragged showbiz shares lower Monday from big media to broadcasters, exhibition, social media and streaming. Investors are fretting about a U.S. spike in coronavirus infections…
Source: DEADLINE - 🏆 109. / 63 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 »

Stocks have their worst day in a month as virus cases surgeThe stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight. Meanwhile, realDonaldTrump calls the media “losers” for reporting on Covid related news. VOTE 📈📉📊 Finally, Wall Street is catching up to the pain on the Main Street.
Source: ABC - 🏆 471. / 51 Read more »

Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply as coronavirus counts surge and doubts mount about the prospects for more economic stimulus before Election Day. The S&P 500 slid 1.9% and the Dow Jones Industrial Average dropped 650 points. The stock market is fake as long as your average Joe isn't making any money off of it. Who would have thought that not controlling a virus would damage the economy? Hmmm
Source: AP - 🏆 728. / 51 Read more »