Stocks fall amid worries on virus, economy
NEW YORK (AP) — Stocks slumped on Wall Street Thursday amid worries that recent improvements in the economy may be set to stall as coronavirus cases continue to climb. The S&P 500 lost nearly all of Wednesday’s gains, with the sharpest drops hitting oil producers and other stocks whose fortunes are most closely tied to a reopening and strengthening economy. Treasury yields fell in a sign of continued caution in the market. Smaller stocks sank more than the rest of the market, which often happens when investors are downgrading their expectations for the economy.
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