The journey from right here may get loads bumpier after the Dow registered its worst one-day loss since June 11 on Friday, knocking the blue-chip index to its lowest level since Could 26, and no less than momentarily knocking the wind out of fairness traders who could also be regularly shedding their bullish thesis as U.S. COVID-19 an infection charges climb larger.
Over the previous week, the acceleration of the each day charge of recent coronavirus circumstances in a number of American states has prompted traders to re-think the uptrend that has taken the Dow Jones Industrial Common
and S&P 500 index
roughly 35% larger from their late-March lows and the technology-laden Nasdaq Composite
greater than 40% from its latest 2020 nadir.
The U.S. recorded extra…