Stocks fall amid concern on new coronavirus strain

Stocks fell on Wall Street Monday, giving back some of their recent gains, as a new, potentially more infectious strain of the coronavirus in the United Kingdom raised worries that the global economy could be in for even more punishment.

News of a new and potentially more infectious strain of the coronavirus has countries around the world Economists and investors have been clamoring for such aid for months, and a recent upswing in momentum for talks had stock prices rising in anticipation of a deal. Analysts said some traders may have been selling to lock in profits, with the compromise all but assured and prices close to the highest they’ve ever been. Even after Monday’s drop, the S&P 500 is back only to where it was earlier this month.from the European Union.

How do they know it's COVID-19. They have no clue. It's a guess backed up by nothing.

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