S&P 500, Dow drop amid growig COVID-19 concerns

The Dow Jones Industrial Average and the S&P 500 slid on Tuesday amid growing COVID-19 concerns. The Dow ended the day down 200.94 points, or 0.67%, and the S&P 500 dropped 0.21% as Tesla stock dropped 1.46% in its second day on the index, while the Nasdaq Composite gained 0.51% with Apple stock rising 2.85%.

Travel-related stocks struggled as the United States surpassed 18 million cases, and news of a new strain of the virus having already arrived in the country. American Airlines dropped 3.85% and United Airlines slid 2.46%, while Norwegian Cruise Line fell 6.86%, Carnival declined 5.94% and Royal Caribbean dipped 2.83%.

Tuesday’s losses came despite Congress passing a $900 billion COVID-19 relief bill including direct stimulus payments of $600 to individuals.

S&P 500, Nasdaq open higher on Apple boost, stimulus optimism

Via www.reuters.com
The S&P 500 and the Nasdaq opened higher on Tuesday, propped up by Apple on an exclusive…
12/22/2020 1:43 PM
 

Editorial credit: Pavel Ignatov / Shutterstock.com

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