Dow falls over 360 pts on virus 2nd wave fears

Thursday, 09. July 2020 22:01

Wall Street closed mostly in the red on Thursday amid renewed concerns regarding the COVID-19 and its impact on the economy. Florida reported a record in coronavirus-related hospitalizations and a record rise of coronavirus related deaths. Meanwhile, congressional Democrats said they will be requesting a multi-trillion-dollar economic relief package. On the data front, wholesale inventories declined 1.2% in May and the number of initial jobless claims fell by 99,000.

The Dow Jones was down 360 points or 1.39% at the close. Walgreens Boots Alliance was the worst performer with a 7.76% fall. The S&P 500 tanked 0.56% with Mohawk Industries down by 20.4%. The Nasdaq 100 rose by 0.78%. The best was Advanced Micro Devices that went up by 7.16%.

The euro went down by 0.39% to the dollar to sell for $1.12850 at 3:59 am ET.

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Breaking the News / TF