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US stocks end sharply lower, Dow down 1.9%, Nasdaq down 3%

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NEW YORK (AFP) - Wall Street stocks tumbled on Wednesday (Sept 23) as a September selloff resumed amid worries over a coronavirus second wave and an increasingly contentious US presidential election.. Read more at straitstimes.com.

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.The broad-based S&P 500 dropped 2.4 per cent to 3,236.92, while the tech-rich Nasdaq Composite Index shed 3 per cent to 10,632.99.

O'Hare said fresh restrictions in Europe in response to higher coronavirus cases raised worries about a similar dynamic in the United States. The Business Roundtable on Wednesday joined a chorus of groups and lawmakers calling for more stimulus spending, saying the failure to act risks"long-term damage" to the US economy.

Some analysts said the presentation underscored Tesla's technological advantage over other companies, but others said the announcement showed that Tesla is evolving into a manufacturer and losing some of its lustre as a tech company.

 

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