US: Stocks end sharply lower, Dow -1.9%, Nasdaq -3.0%

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[NEW YORK] Wall Street stocks tumbled on Wednesday as a September selloff resumed amid worries over a coronavirus second wave and an increasingly contentious US presidential election. Read more at The Business Times.

Investors are also disappointed that Washington lawmakers haven't reached an agreement on more stimulus and uneasy over speculation that the US presidential election could drag on due to slow vote counts or legal challenges, he said.

Tesla sank 10.3 per cent after it said it was developing a US$25,000 self-driving electric car model with upgraded battery technology, however Chief Executive Elon Musk signaled the model would not be available for about three years.

 

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