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Stock-market investors are suddenly spooked by rapidly rising coronavirus cases in the U.S. Here’s why

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Flare ups of COVID-19 cases in the U.S. have delivered a fresh gut check to bulls on Wall Street, following an unprecedented market rebound from a coronavirus-ignited downturn back in March.

Cases in the South and West of the U.S. have accelerated and threaten to reverse, or stall, plans to reopen economies nearly frozen for months to limit the spread of the deadly contagion. Over the past several days, hospitalizations and infections have been resurgent in places like California, with more than 7,000 new cases, as of Tuesday, and in Arizona where identified infections jumped nearly 50% from a week earlier, representing the largest increase by any U.S. state, The Wall Street Journal…



Source marketwatch.com

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