October 26, 2020

US Stocks Tumble Toward Worst Day In A Month Amid Virus Woes-The Associated Press

Stocks are slumping sharply in midday trading on Wall Street Monday and deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy. The S&P 500 was 2.1% lower and on track for its worst day in more than a month. The Dow Jones Industrial Average was down 717 points, or 2.5%, at 27,618, as of 11:18 a.m. Eastern time, and the Nasdaq composite was down 1.7%. Stocks also weakened across much of Europe and Asia. In another sign of caution, Treasury yields were pulling back after touching their highest level since June last week. The Associated Press, 10/26/2020