WATCH: Dow Plummets 900 Points Monday Amid Growing Fears of Another COVID-19 Lockdown
By Space Coast Daily // September 21, 2020
S&P 500 posts first 4-day losing streak since February
ABOVE VIDEO: Stocks fell on Monday as fears about the potential worsening of the coronavirus pandemic, as well as uncertainty on further U.S. fiscal stimulus, rattled traders. (CNBC.com video)
(BusinessInsider.com) – US stocks tumbled on Monday as investors grappled with a range of headwinds including rising COVID-19 daily cases, a possible “mini lockdown” in the UK, and allegations of money laundering at big-name banks.
Political uncertainty continues to be front and center for investors ahead of the presidential election in November and is heightened following the death of Supreme Court Justice Ruth Bader Ginsburg on Friday.
Reports from the UK suggest that another lockdown there due to rising COVID-19 cases is not out of the question as Prime Minister Boris Johnson considers it as a “circuit breaker” for the virus.
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