U.S. stocks sold off on Wednesday, as rising coronavirus infections shook investors’ confidence in the global economic recovery and sent them toward the safety of Treasurys and the dollar.
All three major indexes were on pace for their worst week since the week ending March 20. The Dow industrials lost 942 points, or 3.4%, its fourth losing session in a row. The S&P 500 fell even more, 3.5%, its third consecutive retreat. The benchmark has slipped more than 7% from its record closing level in early September and its gains for the year now stand around 1.3%.
The Nasdaq Composite dropped 3.7%. The stock prices of Facebook , Google parent Alphabet and Twitter dropped roughly 5% each after their chief executives squared off against U.S. senators in a congressional hearing over their companies’ roles moderating public discourse. Stocks have slid lower this week on a raft of uncertainties, sparking discussion from investors about whether the sell-off marked a buying opportunity or a turn in the market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
BidenEffect
This is a Biden win selloff. Not a coronavirus thing!
The Biden effect....
All we had to do was wear a damn mask
More blacks at hedge funds n equity firms this election period i like spme type of credit
Winning.
Mr. President, The TRILLIONS of Tax Payer’s Dollars that have you have been pumping into the Market has RUN OUT! There is NO new Crisis Fund to keep the Market from falling! You have put this country in the Worse “WELFARE” Financial Crisis in History!
Oh but we’re rounding the corner
Bought more $qqq and $spy 😤
I am sure it has nothing to do with people crapping their draws at the prospect that Biden might win.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks end sharply lower as investors battered by COVID-19 case surgeU.S. stock-market benchmarks ended sharply lower on Monday, but off their intraday lows amid investors jitters around rising COVID-19 cases in the U.S. and Europe. Horrific day on Wall Street. Too bad a record bad jobs report didn’t come out today PlunkettPrime Who cares. EZ Stimulus hopes rally overnight
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks Open Sharply Lower on Rising Virus CasesElevated infection levels stoked concerns that more lockdown measures may be imperative, potentially dealing another blow to the economic recovery. The Dow Jones Index fell 589.10 points, or 2.15%, to 26874.05 points at the opening. There will be a big upswing for some stocks after a president is determined. Every president benefits differently in the stock market. Baloney. It’s the fear of Biden being elected...
Source: WSJ - 🏆 98. / 63 Read more »
Dow falls more than 500 points as stocks open sharply lower on COVID case riseU.S. stocks opened sharply lower Wednesday, under pressure as a continued rise in COVID-19 cases threatened to prompt renewed lockdowns in Europe and raised... nice this is terrible news 🤣
Source: MarketWatch - 🏆 3. / 97 Read more »
Technology stocks lead market lower as tech CEOs grilled by Congress - 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. does the GOP really feel they understand technology enough to have this conversation? or are they going to pout until someone says something they want to hear? Disappointing Microsoft outlook? They beat every expectation.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks end another wobbly day lower as virus cases riseWall Street's losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington's inability to deliver more aid to the economy. Highly recommend following TheNAJournal if you want legit non-partisan journalism. It's due to the stimulus check. And the presidential election. coronavirus cases will “rise” even higher since TuckerCarlson put JoeBiden in the TonyBobulinski frying pan tonight. JoeBiden lied about China and is lying about COVID19.
Source: latimes - 🏆 11. / 82 Read more »