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

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The Dow dropped 600 points on the third day of losses as the market panics over Covid resurgence

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-weekAt 10 a.m. EDT, the Dow Jones Industrial Average was down roughly 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 also fell 2.2% and the tech-heavy Nasdaq shed 2.6%.

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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