Dow Plunges 600 Points On Third Day Of Losses As Market Panics Over Covid Resurgence

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The Dow has fallen to its lowest level in more than a month.

Just six days before the November election, the market is in panic over surging coronavirus cases in the United States and Europe, as France eyes a full-on four-weekShortly after the market open, the Dow Jones Industrial Average was down 600 points, or 2.2%–reaching its lowest level in more than one month with all 30 components down Wednesday, while the S&P 500 fell 1.9% and the tech-heavy Nasdaq shed 1.6%.

Early morning earnings reports shed light on the ongoing turmoil facing a slew of non-tech industries: Boeingits fourth-straight quarterly loss and said it would lay off thousands of employees as part of its"business transformation" initiatives.

 

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95% only bad news(

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