Connect with us

Business

Wall Street sinks 3%, Dow at late July lows as pandemic surges – Reuters

U.S. stocks tumbled on Wednesday, with the Dow closing at lows last seen in late July, as coronavirus cases soared globally and investors worried about the possibility…

Published

on

post featured image
ADVERTISEMENT

NEW YORK (Reuters) – U.S. stocks tumbled on Wednesday, with the Dow closing at lows last seen in late July, as coronavirus cases soared globally and investors worried about the possibility of a contested U.S. presidential election next week.
The spiraling pandemic and Washingtons failure to reach a deal on new fiscal stimulus before the Nov. 3 election drove all three stock indexes to close more than 3% lower in heavy trade.
The sell-off accelerated during the sessions final minutes,with both the…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Metro proposes to stop weekend rail service, close 19 stations and slash bus routes by half in upcoming budget | TheHill – The Hill
post featured image
Biden Covid advisor on Dr. Atlas resignation: ‘I am relieved’ because he wasn’t qualified – CNBC
post featured image
Despite ‘mild reaction’ to Moderna vaccine, CA trial participant encourages everyone to get vaccinated – KCRA Sacramento