Market Meltdown: Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave

Stocks fell sharply Thursday after coronavirus cases spike and the Federal Reserve warned that the recovery will take a long time.Johannes Eisele/AFP via Getty Images

Stocks fell sharply Thursday after coronavirus cases spike and the Federal Reserve warned that the recovery will take a long time.Stocks plunged Thursday amid reports of a second wave of, as well as a warning from Fed officials that the economy may take longer than first thought to recover. In one of the worst one-day drops in history, the Dow Jones Industrial Average closed down 1,861 points, or 6.9%, and the S&P 500 tumbled about 5.9%. Airline and hospitality companies, which have been especially hard hit by the COVID-19 lockdowns, were among those losing ground.

We haven’t seen anything yet, IMO.

Meanwhile

Just because Trump is ignoring the fact we are stilling dealing with pandemic. Doesn't mean Wall Street should. Duh!!!

Pretty hilarious watching crapitalist scumbags suffer and 'muriKKKa burn. More please.

OMFG. Is anyone surprised? We are only in the beginning of this thing. We are running a marathon and the markets thought we were in a 100 meter dash.

Blessing in disguise

Let’s not even focus on a second wave when the United States hasn’t even gotten out of the first wave, let alone the peak of the first wave.

made in US ships in under 48 hours. Machine washable, triple filtration.

So. Looks like you bragged too soon. Going to own this too realDonaldTrump?

HARRISFAULKNER DevinNunes

funkster1025 Wow, Wall Street didn’t see *that* coming? Sort of explains a lot.

Let’s go to Tulsa! BLM MeToo JUNETEENTH2020

This is still the first wave

The market is as psychotic as the POTUS

More so a case of evictions of renters and foreclosures under the pandemic lock down.

Comes amid reports of..... it has been the case for months that a second wave would occur WTF?

Duh wtf you think is coming? Another lockdown

Second wave?! The first wave never stopped.

Sifill_LDF the report comes amidst the most corrupt and incompetent potus in history...

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Dow falls 1,000 points Thursday, drives the blue-chip stock-market index below its 200-day moving averageThe Dow Jones Industrial Average undefined tumbled 1,000 points late-morning Thursday, driving the index below a closely followed gauge of long-term... It's not like markets were overvalued, or anything. 🙄😷
Source: MarketWatch - 🏆 3. / 97 Read more »