Stocks open lower on Wall Street as coronavirus cases surge
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June 24, 2020 7:03 AM
Stocks are opening lower on Wall Street as investors are discouraged to see a surge in new coronavirus cases in the U.S. to their highest level in two months. The S&P 500 fell 0.6% in early trading Wednesday. The index is still up for the week. Markets have been rallying in recent weeks on hopes that U.S. states and regions around the world could continue to lift lockdowns put in place to slow the srpead of the coronavirus. Cruise lines, which would stand to suffer greatly if travel restrictions are extended, were among the biggest losers in early trading.
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