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The Dow Falls 900 Points As Coronavirus Fears Rise | CNN

2020-09-21T16:47:05.349Z


It's a painful start to the week for the Dow and the market in general. Shares fell Monday as investors worry about when Washington will pass another stimulus bill. | Economy | CNN


New York (CNN Business) -

It's a painful start to the week for the Dow and the market in general.

Shares fell Monday as investors worry about when Washington will pass another stimulus bill.

The rise in coronavirus infections around the world as the colder seasons of the year begin is also weighing on the market.

Investors are increasingly concerned about further lockdowns in the winter, while the economic recovery from the pandemic remains fragile.

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The Dow was down more than 900 points, or 3.3%.

The S&P 500 was down 2.5%.

Both the Dow and the S&P are risking falling into correction territory, which is defined as a 10% drop from their peak.

The Nasdaq Composite, the only index of the three currently in correction territory, was down 2%.

All the major stock market benchmarks have posted losses for three consecutive weeks.

This week could be number four.

European stock markets are looking no better on Monday, and are selling out as virus numbers mount.

While stocks are taking a hit, the safe-haven US dollar, as measured by the ICE US dollar index, is up 0.9%.

US Treasuries, also a safety investment, are also in high demand on Monday, with the 10-year bond yield falling to 0.66%.

Bond prices and yields move in front of each other.

LOOK: The Dow Jones faces its worst week since 2008

Source: cnnespanol

All news articles on 2020-09-21

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