DOW SLUMPS 900 POINTS, NASDAQ COMPOSITE AT 10,672

Highlights

• The Dow Jones Industrial Average index went down over 900 points or 3.3 percent and the S&P 500 index slumped 2.5 percent, while the Nasdaq Composite fell 120 points or 1.1 percent to 10,672

• While stocks are suffering, the US dollar is performing well and went up by 0.9 percent

• Along with stimulus bill, the continuously rising cases of COVID-19 are also affecting the markets