The Dow Jones Industrial Average traded as much as 800 points lower today before paring a small portion of those losses after the U.S. hit a record number of daily coronavirus cases over the weekend.

On the worst day since the “Black Monday” market crash in 1987, in mid-March, DOW dropped nearly 3,000 points, when President Donald Trump said the worst of the outbreak could last until August.

August is now long gone, and the U.S. has reported more than 83,000 daily new infections in the past two days, surpassing the July record of 77,300 new daily cases. Nearly half of the states have reported their daily record high of COVID-19 cases in the month of October alone.

On the national level, hospitalizations have also been rising with more than 41,753 people admitted as of Sunday, compared to 36,428 the Sunday before.

Today is the biggest one-day tumble since early September when the Dow plunged 800 points.

Compared to the Dow’s previous close at 28,533.57 on Friday, it closed today 650 points down, at 27,685.38. CLICK for complete article