Dow opens with 770-point slide as investors jittery over economic outlook

U.S. stocks opened sharply lower on Thursday amid growing concern over the uncertain outlook for the U.S. growth trajectory and a rise in COVID-19 cases in...

U.S. stocks opened sharply lower on Thursday amid growing concern over the uncertain outlook for the U.S. growth trajectory and a rise in COVID-19 cases in some states. The S&P 500 SPX, -2.33% fell 2.4% to 3,112. The Dow Jones Industrial Average DJIA, -2.70% shed 771 points, or 2.9%, to 26,219. The Nasdaq Composite COMP, -2.

04% retreated 2.1% to 9,815. The number of new applications for jobless benefits rose by 1.54 million in the latest weekly period, in line with economists' expectations. Federal Reserve Chairman Jerome Powell also adopted a cautious tone at Wednesday's policy announcement, suggesting the road to a robust recovery was a long one.

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