Stock market live Wednesday: Stocks close near lows, Dow drops more than 900, Nasdaq sheds 3.7%

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Updated Wed, Oct 28 20204:33 PM EDT

Stocks dropped on Wednesday amid widespread selling as a record number of Covid-19 cases in the U.S. and abroad sent jitters through the market. The major averages closed near their lows of the day, dropping more than 3% each.