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Markets

Dow plunges 1,800 points as Wall Street wakes up to pandemic threat

Stocks suffer worst day since March as growing infections rekindle fear of second wave

Shops remain boarded up on Broadway days after looting in the area during protests against the death in Minneapolis police custody of George Floyd, in New York City on June 10.   © Reuters

NEW YORK -- Wall Street's magical run came to a crushing end Thursday as fears of a second wave of the coronavirus wiped out any notion of the market's immunity from the economic consequences.

The Dow Jones Industrial Average closed down 1,862 points to 25,128 after spikes in coronavirus infections across the U.S. prompted investors to dump shares in airlines, retail chains and cruise operators that they had heavily bought into.

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