US Federal Reserve concerned about possible second wave; global cases near 7.5m; Russia infections pass half a million; Follow the latest updates
- DOW closes down almost 7%
- Arizona sees alarming surge of over 1,000 new coronavirus cases daily
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Brazil reported a total of 802,828 confirmed cases of coronavirus on Thursday, with 30,412 new infections in the last 24 hours in the world’s second worst outbreak after the United States.
With another 1,239 fatalities, the death toll in Brazil has reached 40,919, the health ministry said, the world’s third highest after the United States and the UK.
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the US increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long the market’s scorching comeback can last, AP reports.
The Dow Jones Industrial Average sank more than 1,800 points, almost 7%, and the S&P 500 dropped 5.9%, its worst day since mid-March, when stocks went through repeated harrowing falls as the virus lockdowns began. The S&P 500 rallied 44.5% between late March and Monday, erasing most of its losses tied to the pandemic.
from The Guardian https://ift.tt/3hm0FZF
