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Stocks fell sharply Wednesday, extending losses into the closing bell and bring the Dow Jones Industrial Average’s losing streak to four sessions as investors grappled with rising COVID-19 cases that led to renewed lockdowns in France and Germany and underlined concerns about the U.S. economic recovery. The Dow fell around 942 points, or 3.4%, to finish near 26,521, according to preliminary figures, while the S&P 500 closed with a loss of around 119 points, or 3.5%, near 3,271. The Nasdaq Composite ended near 11,005, dropping 426 points, or 3.7%. The S&P 500 fell for a third straight day. The S&P 500 and Nasdaq erased their gains for October, joining the Dow which had wiped out its month-to-date rise earlier this week.

-William Watts; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-28-20 1606ET

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