Dow Opens Lower, S&P 500 Losses Accelerate

U.S. stocks dropped sharply Monday, suggesting that the major benchmark indexes may extend their retreat into a fourth consecutive week.

The Dow Jones Industrial Average opened 487 points, or 1.7%, lower. The S&P 500 fell 1.5%. The index ended last week more than 7% off its Sept. 2 high. The Nasdaq Composite retreated 1.5%. The tech-heavy indexA closely watched barometer of expected turbulence in U.S. stocks, the Cboe Volatility Index, also jumped on Monday to its highest level in almost two weeks.

Some of the largest technology companies, which helped drive the market to record highs over the summer, are now dragging it down. Sentiment has soured as investors assess an array of risks including delays to additional fiscal-stimulus packages, an increasingly heated U.S. election campaigning season, continuing tensions with China, and the threat of renewed lockdowns in many places because of higher coronavirus infections.

Over the weekend, China’s Ministry of Commerce laid out penalties for companies and individuals it deems to be “unreliable entities,” including potential restrictions on staffing and investment in China, curbs on imports and exports, and fines.

Great job realDonaldTrump

It's now at -662

New word: Fascistocray. The current transition in the United States from democracy to fascism.

Trump keeps trying all these shenanigans while ignoring the covid elephant in the room.

Republicans will cause it to crash as usual and dems will come along and clean up their mess as usual : (

🙃

Thanks Trump

thanks

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