Stocks plunged after the open.
The stock market opened lower on Wednesday as Wall Street grew increasingly concerned about a spike in new coronavirus cases in states continuing to lift lockdown measures.
“Stock futures are trading lower this morning and safe haven assets, including gold, are rallying as new coronavirus cases continue to rise around the world, weighing on the prospects for a continued rebound in the global economy,” according to a recent note from Tom Essaye, founder of The Sevens Report.
