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Dow Slumps 5% on Fears of Spurt in Coronavirus Infections, Economic Worries

A screen displays the Dow Jones Industrials Average after the close on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020 (Reuters)

A screen displays the Dow Jones Industrials Average after the close on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020 (Reuters)

The Dow Jones was on track for its biggest single day percentage fall since March 18.

U.S. stocks deepened losses on Thursday, with the Dow on track for its biggest single day percentage fall since March 18, on fears of a resurgence in coronavirus infections and a gloomy economic forecast from the Federal Reserve.

At 12:25 a.m. ET, the Dow Jones Industrial Average was down 1,355.81 points, or 5.02%, at 25,634.18, the S&P 500 was down 135.13 points, or 4.24%, at 3,055.01. The Nasdaq Composite was down 343.77 points, or 3.43%, at 9,676.58.

first published:June 11, 2020, 22:51 IST