Stocks Open Sharply Lower on Rising Virus Cases

U.S. stocks fell in early trading Wednesday, as rising coronavirus infections shook investors’ confidence in the global economic recovery and sent them toward the safety of Treasurys and the dollar.

The S&P 500 dropped 1.7%, suggesting the broad index will retreat for its third consecutive session. The benchmark has slipped more than 5% from its record closing level in early September. The Dow industrials lost 406 points, while the Nasdaq Composite retreated 2%.

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Look at John Hopkins corona virus trends. Yes cases are up. % positive tests remains low below 5%. Spike in testing resulting in increase in cases. Increase in testing fine but don’t cause a panic when most increase in cases is due to testing

So much for the Clown bailing out the rich people in the stock market to keep it a float! They r taking the stimulus and putting it in their pockets, LMAO!! They know he is going to lose in a landslide they will take the money and run!!!!!It's over

The sell off is because they see Biden's numbers dropping and they are concerned about a contested election.

Hey look realDonaldTrump the 'economy' is tanking! TrumpsAmerica TrumpsEconomy TrumpVirus

Trump's America sucks.

selling off because like 2008 we didn't vote in dumb ass need stop all SSI checks and we need Corp welfare just stay in business

Concerns about lock downs, to be more precise.

It’s called the fear that Biden will be elected. Come on call it what it really is

A vaccine needs to be just round the corner, to give markets some confidence.

Markets could give a damn less about the Corona Virus. Only thing they care about is the stimulus which McConnell has delayed until after the election.

Good

Yeah, that's not it. The market is pricing in a Biden win.

trump fans celebrating the rounding of the corner,,

More like concerns of Biden winning...

Huh. Guess Wall Street isn’t buying this bullshit either… White House lists ending Covid-19 pandemic as an accomplishment despite cases spiking to record levels

Baloney. It’s the fear of Biden being elected...

The Dow Jones Index fell 589.10 points, or 2.15%, to 26874.05 points at the opening.

There will be a big upswing for some stocks after a president is determined. Every president benefits differently in the stock market.

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