The Dow fell 350 points today amid renewed coronavirus fears and a worrying economic outlook by skleb1234
The stock market dropped sharply on Thursday—erasing its gains for the week—as investors worry that the recent surge in coronavirus cases across the country could lead to a further economic downturn.Mark Lennihan/ASSOCIATED PRESSThe Dow Jones Industrial Average fell 1.4%, nearly 400 points, on Thursday, while the S&P 500 was down 0.6% and the tech-heavy Nasdaq Composite gained 0.5%.
Investors are increasingly worried that a surge in new coronavirus infections around the country could delay or derail an economic recovery, with virus fears causing more volatility in the market. But the Nasdaq hit a fresh record high as tech stocks continued to rally: Shares of big tech companies like Amazon, Microsoft, Apple and Google-parent Alphabet have all led the market higher recently.on Thursday morning, with Labor Department data showing 1.3 million more Americans filing for unemployment last week, down slightly from 1.4 million the week before.
Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—moved lower as many states continued to see a spike in new coronavirus cases.earlier this week, as outbreaks continue to worsen in many states: Florida, for instance, reported a record number of coronavirus hospitalizations and deaths on Thursday.
Retail stocks in particular took a hit after Walgreens Boots Alliance said it would cut 4,000 jobs at its Boots chain in the UK, while Bed Bath & Beyond“Equity price action continues to signal increasing amounts of market anxiety,” says Vital Knowledge founder Adam Crisafulli. “Investors are growing incrementally concerned about the fundamental landscape—and the tech splurge is leaving behind a dangerously unbalanced market.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow Falls 350 Points Amid Renewed Coronavirus Fears And Worrying Economic OutlookStocks took a hit amid fears that surging coronavirus cases could prolong the recession.
Weiterlesen »
Dow slips 361 points, Nasdaq hits record as tech rally fights against virus fears | Markets InsiderUS equities erased early gains and closed mixed on Thursday as fears of spiking virus cases overshadowed better-than-expected jobless claims dat...
Weiterlesen »
Dow Jumps 150 Points Even As U.S. Coronavirus Cases Top 3 MillionThe Dow jumped 150 points today even as U.S. coronavirus cases top 3 million by skleb1234
Weiterlesen »
Dow Jumps 200 Points Even As U.S. Reports Over 60,000 New Coronavirus CasesStocks rebounded slightly after a sell-off on Tuesday.
Weiterlesen »
Dow ends 360 points lower amid coronavirus worries, while Nasdaq scores recordStocks ended mostly lower Thursday, though tech shares continued to rally as investors sought safety amid a rise in the number of coronavirus cases in sates like Arizona and Florida.
Weiterlesen »
Stock market live updates: Dow futures flat, U.S. virus cases near 3 million, tech resilientThis is CNBC's live blog covering the latest market-moving news. Here's what's happening on Wednesday.
Weiterlesen »