Dow plunges more than 400 points after US hit new record high of daily coronavirus cases

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BREAKING: Dow plunges more than 400 points after US hit new record high of daily coronavirus cases over the weekend

  • Stocks plunged Monday morning after the nation hit a record number of daily coronavirus cases over the weekend
  • The Dow Jones Industrial average traded 424 points lower, or more than 1%
  • The S&P 500 slumped 1.1% and the Nasdaq Composite dipped 0.5% 
  • The nation reported more than 83,000 new infections on Friday and Saturday, surpassing the July record of 77,300 new daily cases 
  • Royal Caribbean saw shares fall 5.7% and Delta Airlines fell 2.8% Monday

By Marlene Lenthang For Dailymail.com

Published: | Updated:

Stocks plunged Monday morning after the nation hit a record number of daily coronavirus cases over the weekend. 

The Dow JONES Industrial average traded 424 points lower, or more than 1 percent. The S&P 500 slumped 1.1 percent and the Nasdaq Composite declined 0.5 percent.

The nation reported more than 83,000 new infections on Friday and Saturday, surpassing the July record of 77,300 new daily cases, according to data from Johns Hopkins University.

Stocks that tumbled are ones greatly impacted by rising cases including Royal Caribbean, which saw shares fall 5.7 percent and Delta Airlines, which fell 2.8 percent.

The Dow JONES Industrial average traded 424 points lower, or more than 1 percent. The S&P 500 slumped 1.1 percent and the Nasdaq Composite declined 0.5 percent

The staggering surge of virus cases led White House chief of staff Mark Meadows to say Sunday that the US will not get control of the pandemic.

Adding to virus concerns, hopes for a last minute stimulus deal before the election only dimmed over the weekend as Meadows and House Speaker Nancy Pelosi spoke in separate interviews accusing the other of bogging down stimulus talks.