Dow Jones Plunges 700 Points as Cases of Coronavirus Surge; Apple Stock Called a Buy but Still Sinks

The stock market once again cares about the coronavirus pandemic as cases surge across the U.S. and Europe. The U.S. recorded a record number of confirmed cases on Friday, with many states driving the increase. On top of the COVID-19 surge, a stimulus bill getting signed before the election is looking less likely as the days tick away without an agreement. The Dow Jones Industrial Average (DJINDICES: ^DJI) was down about 2.4% at 11:45 a.m. EDT on Monday.

Apple (NASDAQ: AAPL) was down less than the market on Monday following some analyst optimism regarding the iPhone 12 and the company's vast services business. Other stocks in the Dow exposed to a worsening pandemic didn't fare as well.

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Source Fool.com