Stocks have their worst day in a month as virus cases surge

The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before election day.

The S&P 500 fell 64.42 points to 3,400.97. The Dow slumped 2.3% to 27,685.38. The Nasdaq composite lost 189.34 points, or 1.6%, to 11,358.94. Smaller company stocks also took heavy losses, knocking the Russell 2000 index down 35.29 points, or 2.2%, to 1,605.21.Coronavirus counts are surging in much of the United States and Europe, raising concerns about more damage to the still-weakened economy. The U.S.

Worries about the diminishing prospects for more stimulus in the short term helped drive the S&P 500 to a 0.5% drop last week, its first weekly loss in the last four.The U.S. economy has recovered a bit since the stay-at-home restrictions that swept the country early this year eased, and economists expect a report Thursday to show it grew at an annual rate of 30.2% during the summer quarter after shrinking 31.4% during the second quarter.

Energy stocks recorded the largest loss among the 11 sectors that make up the S&P 500, falling in concert with oil prices. All told, about 92% of the stocks in the S&P 500 closed lower.

The best day of my life was when I found Jesus. He drew me to Him and gave me peace in my soul. He has faithfully watched over me as the world has tried to hurt me continually. Grace is an amazing thing.

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