US stocks slip as surging virus cases lead to new lockdowns - Business Insider

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US stocks slip as surging virus cases lead to new lockdowns

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US stocks declined on Monday as a surge in COVID-19 cases across the country has led to renewed lockdown orders.

Millions of California resident underwent a new round of lockdowns over the weekend, with bars, hair salons and indoor restaurants ordered to close. New daily virus cases in the US has consistently hovered around 200,000 since the Thanksgiving holiday.US stocks fell on Monday as a surge in COVID-19 cases led to a new round of lockdowns in California.

With new daily cases consistently hovering around the 200,000 mark, and California seeing record new cases, the largest state in the country implemented new lockdown restrictions over the weekend. The restrictions include the closing of bars, hair salons, and indoor restaurant dining, as well as retail stores operating at 20% capacity.

 

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Inflated assets prices since the Fed is doing such a ‘good’ job. Who cares about the 20M unemployed...let’s tax them some more

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