Why the Dow Dived: Ginsburg Replacement Battle Amplifies Election Jitters, Uncertainty Over Stimulus

Election becomes ‘even more’ of a risk event

by William Watts
Market Watch

Wait, aren’t stocks supposed to “climb a wall of worry?”

That old Wall Street cliché about bull markets wasn’t in evidence Monday as the Dow Jones Industrial Average plunged more than 950 points at its session low and the S&P 500 neared correction territory. But worries were plentiful.

They include:

– A rising number of COVID-19 infections that threaten to force renewed lockdowns of major European economies.

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