Thursday Stock Market Dip Worst Since Mid-March

The Dow Jones Industrial Average closed down nearly 1,861.81 points, or 6.9%. The S&P 500 slid 5.9% Thursday and the Nasdaq fell 5.3%. It's the biggest decline for the three major averages since March 16, when they all fell more than 11% as it became obvious that the coronavirus would have dramatic effects on everyday life.

Markets have surged in recent weeks even in the face of dire economic markers as investors optimistically eyed phased economic reopenings nationwide. All 50 states had begun reopening nonessential businesses by the end of...

The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S. stocks since March.

Microsoft was the biggest loser, shedding more than $80 billion in value as shares dropped more than 5%. Shares of Facebook were also down more than 5%, while Apple dropped 4.8%. Alphabet closed 4.29% lower and Amazon shed 3.38%.

Nearly every other tech stock was down as well, with Cisco (-7.91%) and IBM (-9.1%) seeing particularly steep drops. One exception was Zoom Video, which closed up about...