US stocks sharply lower as fear of another lockdown preveals


US stocks closed sharply lower as fear of new lockdown fear investors. Bad news from Europe where more and more governments are closing economies as new Covid cases are spiking. Similar things are happening in US, but are still behind Europe, so investors are afraid of new and maybe even longer lockdown. Dow Jones closed yesterday 3,5% lower and S&P 500 3,4% which is biggest daily drop since March. New Covid cases are not the only reason as uncertanty over 2 trillion support package and presidental elections are forcing more sell offs. We cant expect any major change until next week. (Horner, Wall Street Journal)

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