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US Stocks Drop as Economic Outlook Deteriorates On Covid-19

Adel 28 October, 2020 6:11 pm Global Stock Market, Market Update

Major US stock indices opened lower on Wednesday as Corona virus infections grew at an alarming rate in the United States and Europe, dashing hopes for a speedy recovery for the global economy.

The Dow Jones Industrial Average fell 361.05 points, equivalent to 1.31%, to 27,102.14 points, and the S&P 500 Index fell by 61.54 points, or 1.81%, to record 3,329.14 points, and the Nasdaq Composite Index fell 200.45 points, or 1.75%, to 11230.90 points.

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