Media and Tech Stocks Slide Amid Fears of Coronavirus Resurgence

U.S. stocks dropped Monday as Wall Street reacted to the prospect that a second wave of COVID-19 outbreaks could hinder a global economic recovery.

The Dow Jones Industrial Average dropped more than 2.7% shortly after the opening bell, while the S&P 500 dropped 2.3%.infections over the past week. Chinese authorities locked down parts of Beijing after an eruption of new COVID-19 cases over the weekend. Most media and tech stocks were pulled down in the eddy of negative sentiment spreading on Wall Street.Comcast shares were down 1.6% in early trading amid the selloff. On Saturday, Donald Trump urged consumers to cancel Comcast service because he’s upset over news coverage. “Concast is known for its terrible service,” Trump said on

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