US STOCKS SNAPSHOT-S&P 500 falls 3% on new virus wave fears, Fed's cautious outlook

U.S. stocks extended losses on Thursday, with the S&P 500 on track for its sharpest percentage decline since April 1, as investors worried about a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve.

At 11:01 a.m. ET, the Dow Jones Industrial Average was down 1,052.92 points, or 3.90%, at 25,937.07, the S&P 500 was down 105.03 points, or 3.29%, at 3,085.11. The Nasdaq Composite was down 249.77 points, or 2.49%, at 9,770.57.