STOCKS TANK BEFORE ELECTION! WORST MONTH SINCE MARCH! WILL THE MARKET BOUNCE BACK IF TRUMP WINS?!
October 31, 2020
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17:46Now PlayingSTOCKS TANK BEFORE ELECTION! WORST MONTH SINCE MARCH! WILL THE MARKET BOUNCE BACK IF TRUMP WINS?!
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as posted by the channelFollow me on Twitter: @gforemanBCP
U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March, following a sharp selloff in big technology stocks.
The Dow dropped 1.3%. It has already shed more than 7% this week, putting it on track for its worst weekly performance since the height of the market tumult.
The S&P 500 fell 1.5% and tech-heavy Nasdaq Composite was down 2.3%.
Volatility has dominated markets this week, prompted by a record high in COVID infections in the U.S., fresh lockdowns in Europe that threaten economic growth, risks tied to the Nov. 3 elections, and a mixed bag of earnings from big tech.
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