US stocks sink to seven-week low on new Covid lockdown fears
Shares of airlines and leisure companies tumble
21 September 2020 - 22:02
New York — Wall Street's main indices slid to seven-week lows on Monday, with the S&P 500 and Dow each tumbling more than 2%, as concerns about fresh coronavirus-driven lockdowns in Europe raised fears the US economy faces a longer road to recovery than expected.
The death of US Supreme Court Justice Ruth Bader Ginsburg increased the likelihood another stimulus package will not be approved in Congress before the November 3 presidential election and sparked large declines in the health-care sector...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.