Stocks suffered their steepest losses in two weeks, with the Dow falling about 700 points, or 2.7%. The S&P 500 and Nasdaq also fell more than 2%.
Stocks tumbled Wednesday as pockets of coronavirus infections emerged around the U.S., intensifying fears that officials would have to reinstate lockdown measures.
New coronavirus cases have jumped in several states, with Arizona, Texas and California reporting daily records for infections Tuesday. Texas Gov. Greg Abbott and Florida Gov. Ron DeSantis said they would step up enforcement of social-distancing guidelines. California Gov. Gavin Newsom said earlier this week that the surge in cases could force the state to implement...
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