Wall Street slumps as rise in virus cases dims economic outlook

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S

Wall Street’s main indexes opened lower on Wednesday as coronavirus cases rose at an alarming rate in the United States and Europe, dashing hopes of a speedy global economic recovery.

The Dow Jones Industrial Average fell 361.05 points, or 1.31%, at the open to 27,102.14. The S&P 500 opened lower by 61.54 points, or 1.81%, at 3,329.14, while the Nasdaq Composite dropped 200.45 points, or 1.75%, to 11,230.90 at the opening bell.

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