Start United States USA — Financial Dow Nosedives 650 Points Amid Surging US COVID-19 Cases, Dwindling Stimulus Hopes

Dow Nosedives 650 Points Amid Surging US COVID-19 Cases, Dwindling Stimulus Hopes

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US stocks fell sharply on Monday as markets reacted to the massive surge in new COVID-19 cases across the nation amid an ongoing stalemate between politicians regarding…
As has been the case for many months, travel and leisure stocks are experiencing the hardest hits amid the pandemic and are presently leading the market’s dip. Cruise line company Royal Carribean Group saw its stock devalued by at least 12%, while United Airlines Holdings fell by about 8%. Elsewhere, European and Asian markets have not fared any better, with many indices closing in the red as a result of new COVID-19 cases and resurging fears of an economic shutdown.

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