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Most of Wall Street wilts amid worries on virus, economy - Black News Channel

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By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy's recent improvements may be set to fade as coronavirus cases keep climbing. The SP 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks whose fortunes are most closely tied to a reopening and strengthening economy. Treasury yields also sank in another sign of increased caution. The Dow Jones Industrial Average dropped 361.19 points, or 1.4%, to 25,706.09, while the 17.89 []

The post Most of Wall Street wilts amid worries on virus, economy appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
This Black Fact was brought to you by National Black MBA Association (NBMBAA) Boston Professional Chapter

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