Why Is the Stock Market Plunging Monday?
Wall Street clearly has a case of the Monday morning blues this week, and investors' bad attitude showed up in the early moves of the markets. Shortly after 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) had fallen 673 points to 27,663. The S&P 500 (SNPINDEX: ^GSPC) was down 68 points to 3,397, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had dropped 177 points to 11,371.
At first glance, most of the market's worries are exactly the same as those that have been around for some time. It therefore doesn't seem to make sense that investors would be choosing to act on those concerns now rather than in the past. Nevertheless, the way in which markets are interacting with one another signals growing nervousness about a single risk factor: The coronavirus pandemic might not end as easily or quickly as optimists have hoped.
Image source: Getty Images.
Source Fool.com
