US stocks end sharply lower, Dow down 1.9%, Nasdaq down 3%

NEW YORK - Wall Street stocks tumbled on Wednesday as a September selloff resumed amid worries over a coronavirus second wave and an increasingly contentious US presidential election.The broad-based S&P 500 dropped 2.4 per cent to 3,236.92, while the tech-rich Nasdaq Composite Index shed 3 per cent to 10,632.99.

O'Hare said fresh restrictions in Europe in response to higher coronavirus cases raised worries about a similar dynamic in the United States. The Business Roundtable on Wednesday joined a chorus of groups and lawmakers calling for more stimulus spending, saying the failure to act risks"long-term damage" to the US economy.

Some analysts said the presentation underscored Tesla's technological advantage over other companies, but others said the announcement showed that Tesla is evolving into a manufacturer and losing some of its lustre as a tech company.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nike lifts S&P 500, Dow ahead of business activity dataThe S&P 500 and the Dow opened higher on Wednesday, with Nike hitting a record high following a strong quarterly earnings report, while investors ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Playboy nears US$425 million deal to return to the stock market, sources sayPlayboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Playboy nears US$425 million deal to return to the stock market, sources sayPlayboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »