Stocks have their worst day in a month as virus cases surge

The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before election day.

The S&P 500 fell 64.42 points to 3,400.97. The Dow slumped 2.3% to 27,685.38. The Nasdaq composite lost 189.34 points, or 1.6%, to 11,358.94. Smaller company stocks also took heavy losses, knocking the Russell 2000 index down 35.29 points, or 2.2%, to 1,605.21.Coronavirus counts are surging in much of the United States and Europe, raising concerns about more damage to the still-weakened economy. The U.S.

Worries about the diminishing prospects for more stimulus in the short term helped drive the S&P 500 to a 0.5% drop last week, its first weekly loss in the last four.The U.S. economy has recovered a bit since the stay-at-home restrictions that swept the country early this year eased, and economists expect a report Thursday to show it grew at an annual rate of 30.2% during the summer quarter after shrinking 31.4% during the second quarter.

Energy stocks recorded the largest loss among the 11 sectors that make up the S&P 500, falling in concert with oil prices. All told, about 92% of the stocks in the S&P 500 closed lower.

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US stocks tumble toward worst day in a month amid virus woesDEVELOPING: Stocks are slumping sharply in midday trading, deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy. 🎃🎃🎃contactless WhiteHouse...
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Stocks have their worst day in a month as virus cases surgeThe stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight. Meanwhile, realDonaldTrump calls the media “losers” for reporting on Covid related news. VOTE 📈📉📊 Finally, Wall Street is catching up to the pain on the Main Street.
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Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply as coronavirus counts surge and doubts mount about the prospects for more economic stimulus before Election Day. The S&P 500 slid 1.9% and the Dow Jones Industrial Average dropped 650 points. The stock market is fake as long as your average Joe isn't making any money off of it. Who would have thought that not controlling a virus would damage the economy? Hmmm
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Senate advances Amy Coney Barrett nomination, final vote on Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ExpandTheCourt Good
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