Lucas Jackson/Reuters US stocks fell on Thursday as investors reacted to a global resurgence of coronavirus cases. Several US states have seen a spike…
Lucas Jackson/Reuters
US stocks fell on Thursday as investors reacted to a global resurgence of coronavirus cases.
Several US states have seen a spike in coronavirus cases, and Texas, Arizona, and North Carolina this week have reported record numbers of COVID-19-related hospitalizations.
Meanwhile, China is grappling with its worst outbreak since the initial one in Wuhan. In Beijing, a new round of cases has reportedly prompted school closures and canceled flights into and out of the city, though authorities have said the outbreak is under control.
“The belief that the global economy will swiftly recover during the third quarter is now uncertain,” Hussein Sayed, the chief market strategist at FXTM, told Business Insider in an email. “The faster economies reopen, the more likely we will see a second wave of infections translate into new lockdowns.
