JUST IN: In one of the worst one-day point drops in history, the Dow Jones Industrial Average fell 1,860 points — or close to 7%. The plunge comes amid reports of a second wave of coronavirus cases.
Stocks fell sharply Thursday after coronavirus cases spike and the Federal Reserve warned that the recovery will take a long time.Johannes Eisele/AFP via Getty Images
Stocks fell sharply Thursday after coronavirus cases spike and the Federal Reserve warned that the recovery will take a long time.Stocks plunged Thursday amid reports of a second wave of, as well as a warning from Fed officials that the economy may take longer than first thought to recover. In one of the worst one-day drops in history, the Dow Jones Industrial Average closed down 1,861 points, or 6.9%, and the S&P 500 tumbled about 5.9%. Airline and hospitality companies, which have been especially hard hit by the COVID-19 lockdowns, were among those losing ground.
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