CNBC | PUBLISHED THU, JUL 9 2020 4:08 PM EDT

Dow Jones Industrial Average falls 361 points

The Dow dropped 361.19 points, or 1.39%, to 25,706.09. The S&P 500 slid 0.56% to 3,152.05. The Nasdaq Composite rose 0.53% to close at 10,547.75.

Record hospitalizations in Florida

Stocks hit their lows of the day after Florida reported a record in coronavirus-related hospitalizations. The state also reported a record spike in Covid deaths. “There’s less reason for optimism now than there was in April,” said one economist. “We’re still looking at a vaccine some time early next year, but it’s become clear that it’ll be very difficult to open without causing a renewed surge” in coronavirus cases.

Walgreens tumbles, tech gains

Walgreens led the Dow lower, dropping 7.76% on the back of disappointing earnings. Tech shares such as Microsoft and Amazon rose 0.70% and 3.29%, respectively, each to offset some of those losses.

SOURCE : https://www.cnbc.com/2020/07/09/what-happened-to-the-stock-market-thursday-coronavirus-worries-send-dow-tumbling.html