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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