Following a more than 400-point drop in early trade, the Dow Jones industrial average regained some of that lost ground and ended the day down 134.09 points.
How QAnon and other dark forces are radicalizing Americans as the COVID-19 pandemic rages and election looms
Analysts said some of the market’s movements could be explained by investors building up expectations for a Joe Biden victory of the White House, with Election Day a little more than a month away. That could mean higher tax rates and tighter regulations on companies, which would limit profits and hurt stock prices.
Still, extra benefits for laid-off workers and other support for the economy that Congress approved in March has expired, and investors have been clamoring for more assistance.
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