Dow Plunges 700 Points As U.S. Hits Record Number Of New Coronavirus Cases

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Dow Plunges 700 Points As U.S. Hits Record Number Of New Coronavirus Cases
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Wall Street remains worried about a spike in new cases across the country.

The Dow Jones Industrial Average fell 2.8%, over 700 points, on Friday, while the S&P 500 was down 2.4% and the tech-heavy Nasdaq Composite lost 2.6%.

of around 40,000 new cases, surpassing the previous peak in April, according to data from Johns Hopkins University. , with many seeing record numbers—well into the thousands—of new infections each day. Texas and Florida, for instance, both paused their reopening plans on Friday.

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