Second coronavirus wave fears cause Dow Jones to plummet 1,800 points

The Dow Jones has plummeted after fears of a second coronavirus was begin to emerge.

@Jak_ConnorTT
Published Fri, Jun 12 2020 6:35 AM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

There have been many reports of a second coronavirus wave emerging, and as a result of the reports, the Dow Jones has taken a massive hit.

Second coronavirus wave fears cause Dow Jones to plummet 1,800 points 01 | TweakTown.com

Dow Jones Industrial Average closed down 1,861 points, or in percentage terms 6.9%. The S&P 500 reduced by 5.9%, and the airline industry, as well as the hospitality industry, were unexpectedly the ones that took a large hit as well. This dive happened shortly after Texas reported 2,504 new coronavirus cases, which is the most since the pandemic began. Coronavirus spikes are also being reported in the following states: Florida, California, and Arizona. If you are wanting to find out what other states are having rises in cases, find out here.

The small pockets of spikes being seen across the country in numerous locations may have spooked investors to pull their money out. Fed Chairman Jerome Powell has said in a news conference that the central banks are working towards a recovery of the economy, and that their efforts will be "as robust as possible". The Fed did warn that "It is a long road. It is going to take some time." For more information about this, check out this link here.

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NEWS SOURCE:npr.org

Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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