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Stocks slump as coronavirus hits big tech, oil earnings

New York covid-19 pandemic Coronavirus
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The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring. NEW YORK - Equity investors kicked into sell mode on the first trading day of the month as Big Tech and Big Oil warned that COVID-19 is hurting business during their quarterly earnings updates.

The Dow Jones Industrial Average dropped 622 points, or 2.5 percent, while the S&P 500 and the Nasdaq Composite tumbled 2.81 percent and 3.2 percent, respectively.

The losses come just a day after both the Dow and S&P 500 wrapped up their strongest month in over 33 years. The COVID-19 pandemic has rattled a broad array of industries, with companies from Amazon to Apple, Exxon Mobil and Chevron all detailing the effects of the pandemic. RELATED:

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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