Thursday Stock Market Dip Worst Since Mid-March
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From the Left
Stocks Plunge in Worst Day Since March as Coronavirus Cases Rise
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...
From the Center
TECH Tech’s big five lost nearly $270 billion in value in Thursday’s market plunge
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...
From the Right
All three major US markets sink as investors fret over long recovery
The Dow plummeted 6.9 percent on Thursday in its sharpest one-day decline since the start of the coronavirus as investors face the prospect of a slow perhaps painful recovery.
The Dow Jones industrial average plunged 1,861.82 points, to close at 25,128.17, while S&P 500 slid 5.9 percent, to 3,002.10. Even the Nasdaq Composite index of tech stocks, which has been less affected by the pandemic, dropped 5.3 percent, to end the day at 9,492.73.
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