Stocks plummet as new coronavirus cases surge

By Alex Veiga, The Associated Press
Stocks are down sharply on Wall Street as data showing new coronavirus cases in the U.S. have climbed to the highest level in two months rattles investors’ optimism for a relatively quick economic turnaround.
The S&P 500 was down 2.7% in afternoon trading Wednesday, giving back all of its gains for the month. The selling, which followed a skid in European stock indexes, accelerated around mid-morning on news that New York, New Jersey and Connecticut