Stocks Plunge, Erase Late-Day Panic Bid On Texas Shutdown Rumors

Tyler Durden's Photo
by Tyler Durden
Friday, Jun 26, 2020 - 09:55 AM

US equities are down notably this morning, erasing all the late-day surge yesterday as rumors abound that Texas may reverse its reopening plans.

CBS News' Doug Dunbar tweeted the following:

Sources confirm a coming announcement from @GregAbbott_TX shortly, regarding a roll back on certain reopening phase items. I’m told bars and restaurants will be the subject.

And that accelerated losses, erasing thje surge on optimism about hospitalizations from yesterday afternoon...

While The Dow and Small Caps are worst on the day, Nasdaq is now back below overnight lows...

Cue Kudlow!