Subtitles section Play video Print subtitles Wall Street suffered steep losses Wednesday in its biggest one day drop since June as rising coronavirus cases at home and abroad unnerved investors. They fear the global economic recovery could be in jeopardy, with new countrywide restrictions announced in Germany and France and a dozen U. S. States hitting record hospitalizations. The Dow tumbled Wednesday, its fourth straight losing session, down 943 points. AH loss of 3.4%. The S and P 500 fell 119 points. The NASDAQ was hit with a 426 point decline, a drop of 3.7%. For David Barce, founder and CEO of X Out, it's hard to tell where the markets go next. You really can't predict the future. It's so hard to figure out what's gonna happen tomorrow, the next day, the next week, the next month or next year. You just know that this uncertainty spooking people and it's causing them toe flee from the market and that's what's causing it to go down. But if it's coronavirus, if it's the election, those are the obvious to that. Everybody's focused on airlines and hotels are considered the most vulnerable to Cove in 19 restrictions. That sector was slammed pretty hard. JetBlue was the biggest loser among US carriers. The stocks slumped 6.5% on fear recent uptick in air travel will disappear of the hotels. MGM Resorts and Hilton led that group lower, and the online travel companies weren't spared. Booking Holdings, parent of Priceline Kayak and Open table, tumbled 5.5%. All of Wednesday selling pushed the Dow to its lowest close since July.
B1 dow wednesday tumbled causing biggest june Virus fears spark biggest sell-off since June 8 0 林宜悉 posted on 2020/10/29 More Share Save Report Video vocabulary