Last week was tough on investors and this one isn't off to a good start either.
 | MON, SEP 21, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 110.08 | +3.24 | +3.03% | | MSFT | 202.54 | +2.15 | +1.07% | | CSCO | 39.04 | -0.77 | -1.93% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 110.08 | +3.24 | +3.03% | | GE | 6.35 | -0.53 | -7.70% | | BAC | 24.47 | -0.74 | -2.94% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 110.08 | +3.24 | +3.03% | | TSLA | 449.39 | +7.24 | +1.64% | | AMD | 77.94 | +3.01 | +4.02% | |
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Last week was tough on investors and this one isn't off to a good start either. The major averages fell sharply on Monday amid concerns over a possible new wave of coronavirus cases. The Dow Jones Industrial Average and S&P 500 dropped 1.8% and 1.2%, respectively. The Nasdaq Composite closed just 0.1% lower after a late-session surge in tech names. Earlier in the day, the BBC reported that U.K. Prime Minister Boris Johnson was considering another lockdown as a "circuit breaker" to curb the spread of Covid-19 in the country. That report comes after top U.K. government scientists warned that the daily infection rate within Britain could reach 50,000 if no action is taken.  Sentiment was also dented by concerns about even more protracted U.S. coronavirus relief negotiations after the passing of Supreme Court Justice Ruth Bader Ginsburg. Chris Krueger, Washington strategist at Cowen, said in a note that a new stimulus bill is now "unlikely until post-Nov. 3 as the fight over Justice Ginsburg's empty seat will consume D.C." Monday's losses put the S&P 500 down more than 6% for September, which would be the index's worst monthly performance since March. Back then, the S&P 500 dropped more than 12%. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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