The Dow fell 600 points today amid the resurgence in coronavirus cases by skleb1234
The Dow Jones Industrial Average was down 2.3%, nearly 650 points, on Monday, while the S&P 500 fell 2% and the tech-heavy Nasdaq Composite dropped 1.8%.over the weekend: The U.K. is reportedly considering another lockdown, while countries like France and Spain have seen an alarming rise in new infections.
Fears that a second wave of coronavirus could lead to further government restrictions and lockdowns caused shares of companies that would benefit from a reopening of the economy—including airlines, cruise operators and retailers—to plunge on Monday. Technology stocks, the main source of the recent sell-off, again dragged the market lower: Shares of Apple, Amazon, Google-parent Alphabet and Facebook all fell by 2% or more.
What’s more, stocks moved lower thanks to uncertainty around the next coronavirus stimulus bill, which could become more complicated after the passing of Supreme Court Justice Ruth Bader Ginsburg over the weekend. Trump said he would nominate someone to take Ginsburg’s seat by Friday or Saturday: That’s likely to cause a heated debate between Democrats and Republicans in Washington, meaning that an agreement on a new coronavirus relief bill now looks more unlikely than ever before the November election.Shares of electric vehicle maker Nikola, meanwhile, plunged over 20% after the company said founder Trevor Milton isas executive chairman.
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Stock market live today: Dow tanks 600 points, rough September, Nikola plunges 15%The major averages started with sharp declines on Monday. Follow along with the latest stock market updates here:
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