U.S. Stocks Suffer Their Worst Day Since March, With The Dow Jones Plunging More Than 1,800 Points

CNBC: Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points

Stocks suffered their biggest one-day pull-back in three months on Thursday as traders grew concerned about the number of coronavirus cases increasing in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines.

The Dow Jones Industrial Average plunged 1,861.82 points, or 6.9%, to close at 25,128.17. The S&P 500 slid 5.9% to 3,002.10 while the Nasdaq Composite dropped 5.3%. to end the day at 9,492.73. The major averages posted their worst day since March 16, when they all dropped more than 11%. The S&P 500 also logged in its first three-day losing streak since early March.

Read more ....

Update #1: Dow sinks 1,800 as virus cases rise, deflating optimism (AP)
Update #2: Wall Street plunges to close with biggest one-day loss since mid-March (Reuters)

WNU Editor: The pandemic is very real. It has not gone away, and it is killing thousands around the world everyday. It is what has been driving the US stock market, the US economy, and US politics since March. And after 10 days of rioting and looting, do not be surprised in 2 or 3 weeks to see a spike in new cases in places like New York City, Minneapolis, Washington DC, and every other major city that had widespread protests and rioting. The stock market is predicting that, hence the correction and fear that it will get worse. There is also another reason that I am picking up from people I know who invest monies in start-ups and the markets. There is a growing fear that President Trump is going to lose this November, as the following Gallup poll is observing .... Gallup: President Trump Job Approval Slides To 39% (June 10, 2020).