File this ‘awesome’ news under the category, #WINNING:
Stocks fell sharply on Thursday as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines.
The Dow Jones Industrial Average traded 1,300 points lower, or 4.8%. The S&P 500 slid 4% while the Nasdaq Composite dropped 3.2%. Thursday’s losses put the Dow on pace for its first three-day losing streak in a month and for its biggest one-day drop since March 18. The S&P 500 was headed for its longest losing streak since early March; it would also be the index’s worst day since April 1.
