US stocks join global selloff on virus fears, Dow -3pc | Malay Mail

📆 29/10/2020 8:24 AM
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NEW YORK, Oct 28 — Wall Street stocks tumbled today, taking cues from European bourses that sank on fears of broad lockdowns in the continent to address rising coronavirus cases. The bellwether Dow Jones Industrial Average had fallen 3.1 per cent, or about 840 points, around 1505 GMT, to...

Near 1505 GMT, the Dow Jones Industrial Average had fallen 3.1 per cent, or about 840 points, to 26,622.04. — Reuters pic

The bellwether Dow Jones Industrial Average had fallen 3.1 per cent, or about 840 points, around 1505 GMT, to 26,622.04. The losses came as worldwide coronavirus cases hit a new high of 500,000 today, according to a tally from health authorities compiled by AFP. German Chancellor Angela Merkel also is seeking drastic new curbs, including fresh shutdowns hitting leisure, sports and the food and drink sectors as she holds crisis talks with Germany’s regional leaders to halt surging Covid-19 infections and save the Christmas holiday season.

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