U.S. stocks sold off on Wednesday, as rising coronavirus infections shook investors’ confidence in the global economic recovery and sent them toward the safety of Treasurys and the dollar.
All three major indexes were on pace for their worst week since the week ending March 20. The Dow industrials lost 942 points, or 3.4%, its fourth losing session in a row. The S&P 500 fell even more, 3.5%, its third consecutive retreat. The benchmark has slipped more than 7% from its record closing level in early September and its gains for the year now stand around 1.3%.
The Nasdaq Composite dropped 3.7%. The stock prices of Facebook , Google parent Alphabet and Twitter dropped roughly 5% each after their chief executives squared off against U.S. senators in a congressional hearing over their companies’ roles moderating public discourse. Stocks have slid lower this week on a raft of uncertainties, sparking discussion from investors about whether the sell-off marked a buying opportunity or a turn in the market.
BidenEffect
This is a Biden win selloff. Not a coronavirus thing!
The Biden effect....
All we had to do was wear a damn mask
More blacks at hedge funds n equity firms this election period i like spme type of credit
Winning.
Mr. President, The TRILLIONS of Tax Payer’s Dollars that have you have been pumping into the Market has RUN OUT! There is NO new Crisis Fund to keep the Market from falling! You have put this country in the Worse “WELFARE” Financial Crisis in History!
Oh but we’re rounding the corner
Bought more $qqq and $spy 😤
I am sure it has nothing to do with people crapping their draws at the prospect that Biden might win.
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