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Stock markets slide as Covid-19 cases rise

BBC News Monday, 26 October 2020
The Dow falls 2.5% and the S&P 500 drops more than 2%, on track for its sharpest decline in weeks.
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Video Credit: CBS 5 SF KPIX - Published
News video: Rising COVID Cases Impacts Global Markets As Stocks Plunge

Rising COVID Cases Impacts Global Markets As Stocks Plunge 02:21

Anne Makovec reports on global stock markets taking a beating as COVID cases spike in U.S. and Europe (10-28-2020)

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The S&P 500 and the Dow retreated Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections. Fred Katayama reports.

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Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $17 billion market cap it held before shares jumped. There's no guarantee the talks will lead to a takeover, and Salesforce could target another company for an acquisition, sources familiar with the matter told Dow Jones.

Credit: Wochit News    Duration: 00:32Published

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