Dow Jones Tumbles 863 Points on COVID-19 Surge Fears, on Track for Worst Day in Nine Months
The Dow Jones Industrial Average (DJINDICES: ^DJI) is down 863 points, or 2.5%, as of 1:14 p.m. EDT on July 19, as investors send travel, banking, and energy company stocks down sharply. Today's sharp sell-off, which is on track to be the Dow's worst day since last October, is happening as cases of COVID-19 surge in the U.S. and around the world, threatening to derail a strong economic recovery.
Leading the sell-off today are shares of Boeing (NYSE: BA), down almost 6% on a big decline for airline stocks. Bank stocks American Express (NYSE: AXP), Goldman Sachs (NYSE: GS), and JPMorgan Chase (NYSE: JPM) are all down 3.5% or more, and shares of global oil and gas giant Chevron (NYSE: CVX) are down almost 4%, with crude oil futures off more than 6% today.
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Source Fool.com
