Today, Wall Street was given a bitter reminder that the coronavirus is still prevalent on the minds of investors as the DOW drops over 1,800 points going into the final hour of trading. Thursday marks the worst day since the massive sell off in March as recently reopened states see a sudden increase in new coronavirus cases.
Airlines and the cruise industry were hit the hardest. Shares of United, Southwest, Delta, and American all dropped over 10%. Carnival and Norwegian fell over 14%. Retailers also saw a significant drop with GAP and Kohl’s dropping 7.6% and 10.9%.
Thursday marks the third consecutive day of losses for the DOW and S&P 500
According the recent figures released from John Hopkins University, US coronavirus cases topped 2 million nationwide.