Stock markets tumble as another 1.5m Americans file for unemployment
by Dominic Rushe and Amanda Holpuch in New York from on (#54JZN)
Dow Jones loses more than 1,800 points while S&P down 5% after US coronavirus infections hit 2m
Stock markets tumbled in the US and Europe on Thursday amid growing fears over the long-term economic impact of the coronavirus pandemic.
The sell off started after the US labor department announced another 1.5 million people had filed for unemployment benefits and the number of coronavirus infections passed 2m even as states across the US continued to relax their quarantine measures.
Related: 'An American fiasco': US hits grim milestone of 2m Covid-19 cases
Related: US economy will shrink 6.5% this year, Fed forecasts
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