Wednesday Stock Market Update
The Dow Jones Industrial Average, S&P 500 fell, and Nasdaq Composite drastically sold off on Wednesday.
- The Dow Jones Industrial Average fell 943.24 points, or 3.43 percent, to close at 26,519.95.
- The S&P 500 fell 3.53 percent to close at 3,271.03.
- The Nasdaq Composite gained 0.64 percent to close at 11,004.87.
Equities sold off massively as consumer worry regarding the coronavirus and its impact on the economy heightened. The S&P 500 and Dow had their worst days since June 11. According to John Hopkins University, US coronavirus cases have risen by 71,832 over the past week.
“I think there’s going to be a call for lockdowns the likes of which we’ve seen in Chicago,” Jim Cramer said Wednesday. “It’s a shame because, had there been stimulus, we’d then be focusing on earnings and the earnings are actually pretty darn good.”
On Thursday keep an eye out for:
- Apple, Amazon, Alphabet, Facebook, Shopify, Comcast, Samsung, Starbucks, Stryker, Spotify, and many others reporting earnings.