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US stocks tumble toward worst day in a month amid virus woes - Black News Channel

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By STAN CHOE AP Business Writer NEW YORK (AP) — 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 […]

The post US stocks tumble toward worst day in a month amid virus woes appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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