Wall Street slumps again as coronavirus counts keep climbing

By

National News

October 26, 2020 - 10:10 AM

The Wall Street sign outside the New York Stock Exchange. Photo by Luiz C. Ribeiro for New York Daily News/TNS

 Stocks are falling in morning 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 1.4% lower, following up on last week’s 0.5% drop, which was its first in four weeks. The Dow Jones Industrial Average was down 530 points, or 1.9%, at 27,805, as of 10:35 a.m. Eastern time, and the Nasdaq composite was down 0.8%. 

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. 

Related
November 25, 2020
March 31, 2020
March 13, 2020
March 11, 2020