Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. All three major U.S. stock indexes were down about 5%, posting their worst day since mid-March, when markets were sent into freefall by the abrupt economic lockdowns put in place to contain the pandemic. The Nasdaq snapped a three-day streak of record closing highs. The sell-off was broad, with all 11 major sectors of the S&P 500 falling 3% or more. “There’s really no buy point,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “It’s pretty much selling all the way through.” Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, agreed. “Everything’s for sale,” Ghriskey added. “There’s fear we’re near a top.” Deaths of Americans from COVID-19 could reach 200,000 in September, a grim […]