U.S. stocks opened sharply lower on Monday as rising cases in Europe and a number of geopolitical risks, ignited selling of assets considered risky on Wall Street. The Dow Jones Industrial Average DJIA, -2.92% was down 839 points, or 3%, at 26,991, on pace for its sharpest daily decline since April, FactSet data show. The S&P 500 index SPX, -2.45% retreated 2.6% at 3,233, while the Nasdaq Composite Index COMP, -2.23% declined 2.4% at 10,539. In corporate news, Nikola NKLA, -17.
90% founder and chairman Trevor Milton is stepping down, after battling claims levied by a short seller for the past couple of weeks. Rising COVID-19 cases across several European economies sparked fears of renewed restrictions on activity. London Mayor Sadiq Khan was in talks on Monday to discuss introducing new measures to stem the coronavirus' spread. Meanwhile, U.S.
DennisDover2 Market indices are more responsibly quoted in percentage terms to at least two significant digits. In this case, 3.1%.
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Dow Falls 600 Points Amid Resurgence In Coronavirus CasesThe Dow fell 600 points today amid the resurgence in coronavirus cases by skleb1234 skleb1234 What? I thought it was just going away... skleb1234 The big banks have been laundering money. That should be the headline on the drop. 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.
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