Dow falls 700 points as coronavirus infections rise and hope fades for stimulus talks

White House Chief of Staff Mark Meadows said the Trump administration will "defeat" the pandemic, "because we're Americans."Frank Franklin II / APWall Street took a dive Monday as hopes faded for a fresh round of fiscal aid and the number of newThe Dow Jones Industrial Average fell by more than 730 points by mid-morning, or 2.6 percent. The S&P 500 was down 2.12 percent and the Nasdaq Composite was lower by 1.8 percent.a rising number of hospitalizations.

"What we have to do is make sure we fight it with therapeutics and vaccines, take proper mitigation factors in terms of social distancing and masks when we can," Meadows said."It is a contagious virus, just like the flu." Negotiations between House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin"have certainly slowed down," White House economic adviser Larry Kudlow told CNBC on Monday morning."We are close, but there are still important policy issues that separate us."

The travel and hospitality sector took the heaviest hit Monday, with Wynn Resorts down 5.5 percent in the morning trading session, American Airlines down 6 percent, and Norwegian Cruise Lines down almost 9 percent.

Thank you TRUMP and GOP !!!!

Laurie_Garrett I wonder if Trump signed an executive order mandating masks if the Dow would jump up along with his polling numbers.

Donnie. Not your responsibility right!!? Yeah, thought so. realDonaldTrump DumpTrump2020 JoeBiden

Laurie_Garrett Thanks, Obama.

I guess that explains the angry tweets this morning?

Thank you Nancy

Thanks Robert Murray and 60 minutes you’ve done your job

Cases rise but deaths drop even lower! NBC News is GASLIGHTING!

Greatest economy ever!

If Chris Cristie can come out of it... I think we are pretty good ...

Must have made some good investments, mine only dropped a tad and I'm still well in the green lol

About to make a few purchases, it is shooting back up after election if Trump wins 💯🇺🇲🇺🇲🇺🇲🇺🇲

Good I hope it falls to the center of the earth

Dow falls more than 800 points as average daily coronavirus cases hit record high Make it 8

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Cnbc @CNBCWATCH: The Dow is down 700 points and still falling as average daily new coronavirus cases hits a record high in the U.S. “It’ll be gone by Easter. It’ll just disappear....” realDonaldTrump Friday was the last oportunity for stimuli. Game over . A Big red Will continue to 3 november . All is ready . Today pelosi and Munich Will speak líes and líes . Game over . Market know this Fake news, just trying to make fear normal. Stop with the lies
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