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.
