DOW Tumbles as Coronavirus Fears Mount
It fell more than 500 points today
In a painful start to the week for the DOW and the broader market, stocks tumbled Monday as investors worry about when Washington will agree on another stimulus bill.
Rising COVID-19 infections around the world as the colder seasons of the year begin in some regions are also weighing on the market. Investors are growing increasingly concerned about renewed lockdowns while the economic recovery from the pandemic remains fragile.
The DOW finished down 1.8 percent, or 510 points, marking its worst day in about two weeks. The broader S&P 500 (SPX) closed 1.2 percent lower. Both the DOW and the S&P are flirting with falling into correction territory, which is defined as a 10 percent drop from the peak. The NASDAQ Composite (COMP), the only index of the three that currently is in correction territory, ended only modestly lower, down 0.1 percent.
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