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Here’s how the stock market tends to trade after brutal selloffs like Thursday’s

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U.S. stocks on Thursday booked their worst daily plunge since fears about the economic impact of measures to curtail the spread of the COVID-19 pandemic took root in investors’ psyches back in March.

The Dow Jones Industrial Average
DJIA,
-6.89%

tumbled roughly 1,862 points and the S&P 500
SPX,
-5.89%

lost 5.9% to tally their worst one-day declines since March 16, according to Dow Jones Market Data.

Bespoke Investment Group noted that the broad-market S&P 500’s greater-than-5% tumble, on the back of rejuvenated fears of an emerging second wave of the illness derived from the novel strain of coronavirus and a…



Source marketwatch.com

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