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Stocks tumble amid historic declines in retail sales, manufacturing

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If you are struggling with finances during the pandemic, these tips may be helpful. NEW YORK - U.S. equity markets slid Wednesday as two separate economic reports recorded historic plunges and the big banks’ earnings reports showed the firms continued to bolster their balance sheets to protect against future fallout from the COVID-19 pandemic.

The Dow Jones Industrial Average plunged 553 points, or 2.3 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 2.26 percent and 1.91 percent, respectively.

The selling has the Nasdaq on track to snap a four-day winning streak that lifted it out of bear-market territory on Tuesday. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates W

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