Markets Live Recap: Dow Drops 700 Points as Coronavirus Concerns Grow
June 24, 2020 at 17:12 PM EDT
Stocks fell sharply today as investors grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery. The Dow dropped 711 points, or 2.7%. The S&P 500 traded 2.6% lower, while the Nasdaq slid 2.1% (its first daily decline in nine sessions). The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record. They now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%. Meanwhile, New York, New Jersey and Connecticut governors ordered visitors from certain hotspot states to quarantine for 14 days. At one point, the Dow had fallen more than 800 points. Here’s what our experts – Chris Johnson and Andrew Keene – saw throughout the volatile trading session. The post Markets Live Recap: Dow Drops 700 Points as Coronavirus Concerns Grow appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.