Stocks sink worldwide as coronavirus infections rise again
Stocks are sinking again Monday on fears that new waves of coronavirus infections could derail the economic recovery that Wall Street was sure was on the way. The S&P 500 sank 2% in the first few minutes of trading, following up on even sharper losses in Asia and milder ones in Europe. The S&P 500 is 12% below its record set in February, after a furious rally had brought it back within 5.8% last week. China is reporting a new outbreak, and New York's governor is upset groups of people are packing together outside bars and restaurants without face masks, in violation of restrictions.