Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses.
The surge in the number of confirmed new coronavirus cases prompted Texas and Florida to reverse course and clamp down on bars again. The two states join a small but growing list of those that are either backtracking or putting any further reopenings of their economies on hold because of a resurgence of the virus.The S&P 500 fell 74.71 points to 3,009.05. The Dow Jones industrial average had its worst day in two weeks, losing 730.05 points, or 2.8%, to 25,015.55.
Facebook slumped 8.3% as an advertising boycott intensifies, aimed at pressuring the social networking giant into doing more to prevent racist and violent information from being shared on its service. Verizon announced it had joined the boycott Thursday, and on Friday European consumer-products maker Unilever, which makes Ben & Jerry’s ice cream and Dove soap, also said it would stop advertising on Facebook.
How real are those graphs about the stock market we are seeing from WSJ and other financial rags?
I don’t have a gag reflex
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