More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday.
Airlines and stocks of other companies that would get hurt the most by potential COVID-19 restrictions took some of the heaviest losses.
Some of Wall Street’s biggest players are crying foul after amateur investors rallied behind GameStop, losing hedge funds billions of dollars. Others say they’ve just been beaten at their own game.
The companies would be required have at least two diverse directors. One would have to be female and the other would have to be an underrepresented minority or LGBTQ.
Vice President Mike Pence boasted how the stock market is evidence of a strong economy, but was quickly shot down.
The drop came as investors grappled with rising bond yields and potentially firming inflation.
“Republicans should have prioritized tax reform ahead of healthcare reform."
U.S. Crude prices sank by 6.6 percent in response to a supply glut.