Dow dives 700 points on mounting fears of a 2nd virus wave
US stocks tumbled on Monday as investors continued to reckon with the likelihood of a second wave of coronavirus cases.
Nearly half of the 50 US states are seeing a rebound in infections as reopenings continue. North Carolina and Texas reported record hospitalizations on Saturday, while Florida, California, and Alabama post sharp increases in daily cases. Economic data out of China signaled that, even as outbreaks are contained and consumer spending improves, the V-shaped rebound sought by investors isn't likely to materialize.
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