Dow Jones deepens losses, plunges over 900 points

The major US stock indices fell on Wednesday, weighed down by the worsening coronavirus crisis and the return of lockdown restrictions in some countries.

Data showed today that the US goods trade balance logged a deficit of about $79.4 billion, worse than forecasts of a deficit by $84.8 billion.

Coronavirus infections jumped to more than 44 million cases globally, with the death toll near 1,072,000 victims, and the number of cases rose to more than 9 million in the US alone, with more than 232,000 victims.

The French government announced today re-imposing a full lockdown to curb the coronavirus spread.

To the oil market, WTI crude September futures at Nymex fell 5.5% or $2.18, and closed at $37.39 a barrel, after hitting a day high of $39.01 and a low of $37.04.

Brent October futures at LME fell 4.7% or $1.97, to $38.9 a barrel, with a high of $40.7 and a low of $38.8.

As for stocks, Dow Jones lost 3.4% or 943 points, and closed at 26,520, after it hit a day high of 27,102 and a low of 26,497.

Nasdaq fell 3.7% or 426 points to 11,005, with a high of 11,250 and a low of 10,999.

S&P 500 fell 3.5% or 119 points to 3,271, with a high of 3,342 and a low of 3,268.