Stocks sank Thursday as states from Arizona to Florida, North Carolina and Texas and some international markets reported rising coronavirus case counts. Companies like theater chains with the most at stake for a smooth reopening were hit the hardest.
The DJIA had plunge by more than1,700 points, or nearly 6.5%, it’s worst showing since mid-March. The S&P 500 was down well over 5%, with only four stocks in the entire index in positive territory at one pointAMC Entertainment Sees Massive Q1 Losses Of Up To $2.4B On Writedowns In Preliminary Earnings Report
ViacomCBS had lost 3.6%. Tech stocks were all down with Netflix, the premiere stay-at-home stock holding steadier than others, off only 1.5%. Amazon was down 2.6%
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: