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Dow Jones Industrial Average Slides as Pandemic Grows Worse Than Expected

Dow Jones Industrial Average could slide further Thursday after COVID-19 passed its record for most cases in a single day, hitting 36,358 cases.

Investors are also eyeing an ongoing trade dispute between the United States and China, a weak U.S. economy.

The market is discounting the possibility that the Fed will continue to expand open market operations given the weakness in underlying fundamentals.

More on these developments below...

stocks

Markets Live Recap: Dow Drops 700 Points as Coronavirus Concerns Grow

Stocks fell sharply today as investors grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.

The Dow dropped 711 points, or 2.7%. The S&P 500 traded 2.6% lower, while the Nasdaq slid 2.1% (its first daily decline in nine sessions).

The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record.

They now total 109,014.

The state also said its positivity rate rose to 15.91% from 10.82%.

Meanwhile, New York, New Jersey and Connecticut governors ordered visitors from certain hotspot states to quarantine for 14 days.

At one point, the Dow had fallen more than 800 points.

Here’s what our experts – Chris Johnson and Andrew Keene – saw throughout the volatile trading session.

Read more...

Dow Jones

Dow Jones News Today: Stocks Rise After Trump Pitches New Budget Measures

The Dow Jones news today focuses on rising stock prices this morning after the Trump administration proposed a plan to sell roughly half of the U.S. strategic oil reserves as part of its latest budget proposal.

Trump's new budget proposal aims to balance the budget within a decade by cutting Medicaid payments, student loan payments, and agricultural subsidies.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...

Dow Jones

Dow Jones News Today: Stocks Gain After Strong Earnings and New Economic Data

The Dow Jones news today focuses on stocks rising after a fresh round of earnings reports.

Today's news also features a controversy over President Trump's handling of classified intel, the aftermath of a major cybersecurity breach, and the stability of the Greece financial system.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...