NEW YORK - Stocks are falling sharply on Wall Street Thursday as coronavirus cases increase again, deflating recent optimism that the economy could recover quickly as lockdowns ease.The Dow fell more than 1,800 points and the S&P 500 was down 5.9%, on track for its worst day in nearly three months.Many market watchers have been saying that a scorching comeback in the market since late March was overdone and didn’t reflect the dire state of the economy.
The S&P 500 rallied 44.5% between late March and Monday.RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updatesThe selling comes as coronavirus cases rise in the U.S., with some of the increase likely tied to the reopening of businesses and the lifting of.