Stocks plunged amid concerns over the economic recovery while coronavirus-related hospitalizations in certain states grew.
amid concerns over the economic recovery while coronavirus-related hospitalizations in certain states grew.Texas has reported three consecutive days of record-breaking Covid-19 hospitalizations.
Nine California counties are reporting a spike in new coronavirus cases or hospitalizations of confirmed cases, AP reported Wednesday. This — coupled with a grim economic forecast from the Federal Reserve — sparked the Dow and S&P 500's biggest sell-offs since March. "You're seeing the psychology in the market get retested today," said one trader.
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