Dow tumbles 700 points as investors mull spiking virus cases

US stocks fell on Friday as spiking coronavirus cases threaten to slow economic reopenings.
Bank stocks slumped after the Federal Reserve said on Thursday that it would limit stock buybacks and cap dividends.
The Commerce Department said on Friday that US consumer spending jumped by a record amount in May even as personal incomes fell.
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US stocks fell on Friday as investors continued to watch spiking coronavirus cases threaten economic-reopening efforts nationwide.