Dow Falls 600 Points Amid Resurgence In Coronavirus Cases

The Dow Jones Industrial Average was down 2.3%, nearly 650 points, on Monday, while the S&P 500 fell 2% and the tech-heavy Nasdaq Composite dropped 1.8%.over the weekend: The U.K. is reportedly considering another lockdown, while countries like France and Spain have seen an alarming rise in new infections.

Fears that a second wave of coronavirus could lead to further government restrictions and lockdowns caused shares of companies that would benefit from a reopening of the economy—including airlines, cruise operators and retailers—to plunge on Monday. Technology stocks, the main source of the recent sell-off, again dragged the market lower: Shares of Apple, Amazon, Google-parent Alphabet and Facebook all fell by 2% or more.

What’s more, stocks moved lower thanks to uncertainty around the next coronavirus stimulus bill, which could become more complicated after the passing of Supreme Court Justice Ruth Bader Ginsburg over the weekend. Trump said he would nominate someone to take Ginsburg’s seat by Friday or Saturday: That’s likely to cause a heated debate between Democrats and Republicans in Washington, meaning that an agreement on a new coronavirus relief bill now looks more unlikely than ever before the November election.Shares of electric vehicle maker Nikola, meanwhile, plunged over 20% after the company said founder Trevor Milton isas executive chairman.

skleb1234 and some other reasons

skleb1234 Covid-19 isn't going away.

skleb1234 Approximately two weeks following the Labor Day weekend.

skleb1234 TrumpWantsToKillUs TrumpIsAMassMurderer TrumpIsACompleteFailure

skleb1234 Approximately two weeks after the Labor Day weekend, no surprise ... the inevitable spike.

skleb1234 There's that whole correlation vs. causation problem and there really isn't even correlation.

skleb1234 Yes, we know it wont magically disappear without immunity or a vaccine. Its lower now though then where anyone expected it to be 2 months ago, so thats a good sign.

skleb1234 Dow doesn’t care about Coronavirus. If it did it would’ve fallen six thousand points. Something else is happening!

skleb1234 The big banks have been laundering money. That should be the headline on the drop.

skleb1234 What? I thought it was just going away...

Business Business Latest News, Business Business Headlines

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

Stock market live today: Dow tanks 600 points, rough September, Nikola plunges 15%The major averages started with sharp declines on Monday. Follow along with the latest stock market updates here: Everyone is terrified of a far-Right Supreme Court, and Trump's overall election interference. The markets are collapsing. BTMFD Every time stupid people - that should not be in the stock market to begin with - do stupid selling ...smart people ... like myself ...take out my shopping list . you should do the same. I love buying on sale and not paying full price. I already bought two things this morning.
Source: CNBC - 🏆 12. / 72 Read more »

Dow Falls 600 Points Amid Resurgence In Coronavirus CasesFears over a second wave and more government lockdowns caused stocks to plunge. actually it is due to this: A cada rato...
Source: Forbes - 🏆 394. / 53 Read more »

Dow drops more than 600 points as September sell-off picks up steamStocks fell sharply on Monday as fears about the worsening coronavirus as well as uncertainty on further fiscal stimulus rattled traders. Be fearful when others are greedy and greedy when others are fearful . I have been living by that motto in all of my investing in the last 25 years and I still hold shares of companies I bought 25 years ago. TrumpHatesOurMilitary 🇺🇸 TrumpLied200KAmericansdied 🇺🇸
Source: CNBC - 🏆 12. / 72 Read more »

Dow futures sink 500 points, adding to the market's 3-week losing streakU.S. stock futures fell sharply early Monday, as uncertainty over the future of the U.S. Supreme Court and the possibility of additional stimulus rattled investors. USA just surpassed UK for “number of deaths per million population”. Now USA is in the “worst ten” worldwide. Trump’s wrong decision of downplaying the truth is killing every day thousands of Americans. Makes you wonder if the lies and senseless deaths were worth it for trump 🤔😏
Source: CNBC - 🏆 12. / 72 Read more »

European bank stocks slide after money-laundering allegations; Dow futures slide 400 pointsShares of Europe's top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money...
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures fall 150 points as Wall Street tries to recover from 3-week losing streakU.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. dont hear Trump talking about this, do we! btmfd Free enterprise exchange or free commodity order
Source: CNBC - 🏆 12. / 72 Read more »