NEW YORK - Stocks are falling again Monday on fears that new waves of coronavirus infections could derail the swift economic recovery that Wall Street was sure was on the way.The S&P 500 was down 1% in midday trading, after earlier being down as much as 2.5%.
It follows up on even sharper losses in Asia and milder ones in Europe. The recent stumble for U.S. stocks means they're now 11% below their record set in February, after a furious rally had brought them back within 6% in the middle of last week.The Dow Jones Industrial Average was down 350 points, or 1.4%, at 25,256, as of 10:57 a.m.
Eastern time, and the Nasdaq composite was down 0.5%. The losses were widespread, with more than eight out of 10 stocks in the S&P 500 lower.Case numbers.