S&P 500 tumbles on fears of virus resurgence in economic reopening

By Sinéad Carew New York (Reuters) - The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation's economy could lead to novel coronavirus outbreaks and set back economic recovery. The index suffered its first decline in four sessions as investors weighed the potential for a second wave of virus infections against hopes that easing of stay-at-home restrictions could ignite a recovery in the U.S.

The post S&P 500 tumbles on fears of virus resurgence in economic reopening appeared first on Firstpost.

from Firstpost https://ift.tt/2Wpey0s