U.S. stocks on Monday turned sharply lower, with the Dow Jones Industrial Average headed for its worst day since late October, amid accelerating cases of COVID-19 and weakness in manufacturing stocks and beverage makers. The Dow was down 649 points, or 2.1%, lower at 29,960, on track for its worst one-day slide since Oct. 28, according to FactSet data. The S&P 500 index was trading 2.2% lower at 3,673, while the Nasdaq Composite Index retreated 2.4% to start trade in 2021. Shares of Coca-Cola Co. (KO) were trading sharply lower as were those for Boeing Co. (BA), both blue-chip components that were weighing on the Dow.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 04, 2021 12:24 ET (17:24 GMT)
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