US stocks plummeted Wednesday as investor fears over spiking COVID-19 cases across the nation and abroad reignited concerns of a stunted economic recovery, prompting…
Extending their losses, companies such as Delta Air Lines and Royal Caribbean Cruises Ltd. each saw their stocks devalued by nearly 5% as the travel and leisure sector has endured an uphill battle at recovering from pandemic-rooted setbacks. Crude oil prices fared no better, falling nearly 6% and extending their three-week lows. German officials announced later Wednesday that a partial lockdown would be imposed to combat the respiratory illness.
