Stock rout deepens; S&P 500 drops nearly 3%, Dow down 800

By Stan Choe | The Associated Press
Stocks around the world are tumbling Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy.
The S&P 500 was down 3.10% in midday trading on Wall Street, heading for a third straight loss. It’s already down 5% this week, threatening to post its biggest weekly fall since March. That’s when the market was in the midst of selling off as strict lockdowns around the world choked the economy in