Stocks fall sharply on Wall Street as investors turn jittery

The Associated Press

MGM Resorts International and PVH, owner of the Calvin Klein and Tommy Hilfiger brands, were among the biggest decliners. Each was down more than 12%. The sell-off this week marks a reversal for the market, which rallied 44.5% between late March and Monday, a scorching rate that many skeptics said was unsustainable and didn’t reflect the dire condition of the economy. Only a day ago the Nasdaq closed above the 10,000-point mark for the first time.

Anxious investors shifted more money into government bonds Thursday, sending yields broadly lower. The yield on the 10-year Treasury yield slid to 0.67% from 0.74% late Wednesday, a big move. Last Friday it briefly moved above 0.90%.Oil prices fell sharply. Benchmark U.S. crude oil for July delivery was down 8.9% at $36.09 a barrel. Brent crude oil for August delivery was off 7.1% at $38.76 a barrel.

RamyYaacoub

We all knew it was gonna happen. It's going to get worse by the time November comes around death will be everywhere and the stock market will be in the tanks. Prepare for another round of closing the economy down and Shelter at home. This time it will last four or five months.

How’s Gnus looking

Gosh. Who would have thought? Rush to reopen doesn't look like such a good idea now, does it? Meanwhile, Europe is making it happen.

dennisaoconnor The Fed's printer must be out of ink.

ABC NEWS IS FAKE NEWS! CHECK THE FACTS.

Come around in NW burbs of Chicago , it’s worst around here . No one reports for the burbs

So where is BunkerBoy to take a victory lap? MissionAccomplished

DenverChannel Media can’t shut up about doom and gloom

Whites who voted for Trump are the laughing stock of the world

And MSM is sooo happy!!!!!!!!

Thanks Trump!

newschannelnine Maybe the protesters should have social distance and the riots should have been stopped.

Fun factoid of the day: The DOW never went above 19,000 during the 8 years that Obama was in office. 😘

deviance344

Yes! Buy low sell high. $5000 more in my retirement fund!

With no National plan or response to the growing number of cases and deaths since Memorial Day as Trump hides in a Bunker.

LunkersTV

Told you idiots.

Pass the stimulus dumbasses GOP

So much winning

Bull/bear market. Someone teach POTUS.

TrumpRecession is here to stay

It is absurdly stupid for people who can see and read that there was any optimism. The stock market and those who drive it are just greedy toddlers with amnesia.

That's the way the cookie crumbles

Blm = democratic officials = black suppression But somehow its Republicans fault lmao

winning again

So reality finally set in.

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Stocks open lower on Wall Street as investors turn jitteryStocks are opening sharply lower on Wall Street as investors turn jittery once again in the face of rising numbers of coronavirus infections in many U.S. states and countries. The S&P 500 was down... QUICK! BrianKarem Check which trump staffers are dumping stocks- or buying. Attn GovRonDeSantis Increased Testing...
Source: AP - 🏆 728. / 51 Read more »

Stocks open lower on Wall Street as investors turn jitteryStocks are opening sharply lower on Wall Street as investors turn jittery once again in the face of rising numbers of coronavirus infections in many U.S. states and countries And the clowns at ABC cheer. Has no masks caused protest and riots by the “left wing” of the Democrat Party? How is this shocking news to anyone? Virus isn’t going anywhere. Until we get the virus under control (like NZ) the economy won’t recover. Success in managing Covid is inextricably linked to the success of US economic recovery. Powell said that & it’s just plain common sense.
Source: ABC - 🏆 471. / 51 Read more »