NEW YORK CITY (CNN) – The stock market saw its worst day Thursday since the coronavirus spurred a massive sell-off in March.
Fears stemming from rising COVID-19 cases across the U.S. appear to have summoned the bears for another day of large scale selling.
It comes a day after the Federal Reserve’s warning of a long-lasting poor economy cooled a rising market Wednesday.
Still, the Nasdaq managed to close at a record high a day ago before crashing more than five percent Thursday.
The S&P 500 gave back 5.9% and the Dow fell 6.9%.
Many analysts fear investor optimism for a quick economic recovery from the pandemic has been permanently squashed.
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