Stocks move lower on Wall Street as coronavirus cases surge

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Stocks moved broadly lower on Wall Street in early trading Wednesday as investors turned cautious after new coronavirus cases in the U.S. climbed to the highest level in two months.

New coronavirus cases in the U.S. have surged to their highest level in two months and are now back to where they were at the height of the outbreak.But the latest data on the outbreak is undercutting some of that optimism. New coronavirus cases in the U.S. have surged to their highest level in two months and are now back to where they were at the height of the outbreak.Worldwide, more than 9.

Analysts are warning that, despite recent market rallies, there is little reassurance infections won’t keep spreading, given the growing numbers in some parts of the U.S., Brazil and Asia. Major stock indexes in Europe also fell broadly. Germany’s DAX dropped 2.2%, while France’s CAC 40 slid 2%. Britain’s FTSE 100 was down 2.3%. Markets in Asia closed mostly higher.

 

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