Home » Markets » Dow drops 807 points as stocks post worst day since June
Dow drops 807 points as stocks post worst day since June
These are Barstool’s Portnoy’s picks for bargain stocks under $20 per share
Barstool Sports founder and President Dave Portnoy on the best bargain stocks in today’s market.
U.S. equity markets tumbled Thursday, posting their worst session since June, as investors wrestled with uncertainty over the timing of a potential COVID-19 vaccine and generally positive economic data.
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The Dow Jones Industrial Average fell 807 points, or nearly 3%, but recovered from a drop of s many as 1,000 points in the final hour of trading. Microsoft Inc. and Boeing Co. were among the biggest decliners while Verizon Communications Inc. posted modest gains.
DOW JONES AVERAGES
VERIZON COMMUNICATIONS INC.
The Nasdaq fell nearly 5 percent as Tesla continued its slide for a third straight day after announcing a $5 billion share sale. The stock began trading at its split-adjusted price on Monday.
NASDAQ COMPOSITE INDEX
Tech also paced the selling in the S&P, driven by Apple and Amazon, as the broadest measure of stocks fell nearly 3.5%.
SPDR SERIES TRUST S&P COMPUTER SOFTWARE ETF
The selling accelerated mid-morning after Dr. Anthony Fauci dashed hopes that a COVID-19 vaccine was coming soon, contradicting documents from the Centers for Disease Control and Prevention.