Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Indexes & Markets

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Dow drops more than 800 points

share with twitter share with LinkedIn share with facebook
09/21/2020 | 12:42pm EDT

Wall Street got slammed Monday morning - with the Dow plunging more than 800 points or 3 percent. Stocks fell across the board, sending indexes to their lowest level in nearly seven weeks as fears about another hit to the U.S. economy drove investors to sell stocks.

Analysts said the passing of U.S. Supreme Court Justice Ruth Bader Ginsburg adds another challenge to negotiations in Congress already deadlocked over another fiscal stimulus package.

Another concern for investors - the resurgence of the coronavirus, especially in Europe, as the UK signaled the possibility of a second national lockdown, shares of U.S. airlines, hotel and cruise companies tumbled. United Airlines, Delta, Wynn Resorts and Marriott were among the biggest decliners on the S&P 500.

Bank shares like JPMorgan Chase and Bank of New York Mellon also fell sharply. They were among several global banks that reportedly moved big sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money. They were in the report by the International Consortium of Investigative Journalists and based on leaked documents obtained by BuzzFeed News.

And shares of Nikola opened nearly 30% lower. Its founder, Trevor Milton, stepped down as executive chairman amid allegations of nepotism and fraud from a short-seller. That also knocked down shares of GM, which had just taken an 11% stake in the electric truck maker two weeks ago.

Since peaking September 2nd, the S&P 500 has fallen nearly 10%.


Stocks mentioned in the article
ChangeLast1st jan.
BANK OF NEW YORK MELLON CORPORATION (THE) 0.71% 37.29 Delayed Quote.-26.29%
DJ INDUSTRIAL -0.24% 28203.52 Delayed Quote.-0.80%
JPMORGAN CHASE & CO. 0.17% 100.43 Delayed Quote.-28.00%
NASDAQ 100 -0.12% 11653.385115 Delayed Quote.33.22%
NASDAQ COMP. -0.17% 11481.608087 Delayed Quote.28.35%
NIKOLA CORPORATION 10.24% 22.6138 Delayed Quote.100.78%
S&P 500 -0.10% 3435.01 Delayed Quote.6.07%
UNITED CONTINENTAL HOLDINGS, INC. -0.68% 35.76 Delayed Quote.-59.06%
WYNN RESORTS 1.12% 73.02 Delayed Quote.-49.83%
share with twitter share with LinkedIn share with facebook
Latest news "Markets"
12:44pLONDON STOCK EXCHANGE : FTSE 100 slides as stronger pound, lockdown worries weigh
RE
12:35pEUROPE : European stocks fall as healthcare, construction sectors drag
RE
11:38aWALL STREET STOCK EXCHANGE : U.S. Stocks Lower As Stimulus Talks Continue
DJ
10:44aWALL STREET STOCK EXCHANGE : U.S. Stocks Climb Amid Stimulus Hopes, Earnings
DJ
10:19aWALL STREET STOCK EXCHANGE : U.S. Stocks Climb Amid Stimulus Hopes, Earnings
DJ
10:16aTSX falls as energy sector drags on weaker oil prices
RE
09:48aWALL STREET STOCK EXCHANGE : U.S. Stocks Waver Amid Stimulus Hopes, Earnings
DJ
09:13aU.S. Stock Futures Wobble on Stimulus Hopes, Earnings
DJ
08:39aU.S. Stock Futures Wobble on Stimulus Hopes, Earnings
DJ
07:46aU.S. Stock Futures Wobble on Stimulus Hopes, Earnings
DJ
Latest news "Markets"