Stocks plunged Thursday amid reports of a second wave of coronavirus cases, as well as a warning from Fed officials that the economy may take longer than first thought to recover.

In one of the worst one-day drops in history, the Dow Jones Industrial Average closed down 1,861 points, or 6.9%, and the S&P 500 tumbled about 5.9%. Airline and hospitality companies, which have been especially hard hit by the COVID-19 lockdowns, were among those losing ground. Another 1.5 Million File For Unemployment As States Continue To Reopen Economies Coronavirus Live Updates Another 1.5 Million File For Unemployment As States Continue To Reopen Economies

Prices also fell sharply in European and Asian markets.