NEW YORK (Pakistan Point News / Sputnik - 04th September, 2020) Stocks on Wall Street plunged on Thursday, with key indexes falling as much as 5 percent to reverse a recent trend of record highs amid worries that economic recovery from the novel coronavirus pandemic was stalling.
The tech-heavy Nasdaq Composite was the hardest hit index on the New York Stock Exchange, falling 5 percent on the day. The S&P 500, a barometer for the top 500 US stocks, was next in line, settling down nearly 3.5 percent. The Dow Jones Industrial Average, the broadest stock index on the NYSE, lost 2.8 percent.
