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Stocks fell on Monday as fears about the potential worsening of the coronavirus pandemic, as well as uncertainty on further U.S. fiscal stimulus, rattled traders.

The Dow Jones Industrial Average dropped 509.72 points, or 1.8%, to close at 27,147.70. The S&P 500 lost 1.2% to 3,281.06. The Nasdaq Composite closed just 0.1% lower at 10,778.80 after a late-day surge in tech stocks. At one point, the Dow had dropped more than 900 points. The S&P 500 fell as much as 2.7%.

Monday’s decline marked the first time since February that the S&P 500 posted four straight daily losses. The Dow, meanwhile, had its worst day since Sept. 8, when it dropped 2.3%.

These declines added to what has been a downbeat month on Wall Street. The S&P 500 is down more than 6% in September and the Dow has lost 4.5%. The Nasdaq Composite has tumbled 8.5% month to date.

Concerns over another wave of coronavirus cases came as the U.K. reportedly considers another national lockdown to stop an increase in infections. Top U.K. government scientists said that, without further action, the country’s infection rate could reach 50,000 per day. The country’s benchmark FTSE 100 dropped more than 3% on the fear. Here in the U.S., stocks that would be hit hardest from another lockdown declined. Shares of Carnival Corp. were off by 6.7%. Southwest Airlines and Delta Air Lines fell 5.8% and 9.2%, respectively.

Stock futures rise in overnight trading after S&P 500 posts 4-day losing streak

Stock futures rose slightly in overnight trading on Monday following a steep sell-off on Wall Street.

Futures on the Dow Jones Industrial Average rose about 100 points. The S&P 500 futures gained 0.4% and the Nasdaq 100 futures were up 0.5%.

Reference: CNBC