Merchants work in the course of the opening bell on the New York Inventory Change (NYSE) on March 5, 2020 at Wall Road in New York Metropolis.
Johannes Eisele | AFP | One other Billionaire Information
Dow Jones Industrial Common falls 361 factors
The Dow dropped 361.19 factors, or 1.39%, to 25,706.09. The S&P 500 slid 0.56% to three,152.05. The Nasdaq Composite rose 0.53% to shut at 10,547.75.
File hospitalizations in Florida
Shares hit their lows of the day after Florida reported a document in coronavirus-related hospitalizations. The state additionally reported a document spike in Covid deaths. “There’s much less purpose for optimism now than there was in April,” stated one economist. “We’re nonetheless a vaccine a while early subsequent yr, however it’s change into clear that it will be very troublesome to open with out inflicting a renewed surge” in coronavirus circumstances.
Walgreens tumbles, tech beneficial properties
Walgreens led the Dow decrease, dropping 7.76% on the again of disappointing earnings. Tech shares corresponding to Microsoft and Amazon rose 0.70% and three.29%, respectively, every to offset a few of these losses.
What occurs subsequent?
The U.S. producers buying index is ready for launch Friday.
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