Dow Jones Drops 700 Points as COVID-19 Flares Up; Apple Down on Antitrust News; Boeing Stock Tumbles
The stock market appeared to be taking the surge in COVID-19 cases seriously on Wednesday. The Dow Jones Industrial Average (DJINDICES: ^DJI) was down about 2.8% at 1:45 p.m. EDT. Confirmed cases and hospitalizations are rising in many states, raising fears that new stay-at-home orders will be necessary.
Sinking along with the market were Apple (NASDAQ: AAPL) and Boeing (NYSE: BA). Apple stock was down after Politico reported that an antitrust suit against the tech giant was in the works, and Boeing stock was likely hit by COVID-19 fears.
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Source Fool.com
