The index Dow Jones of the New York Stock Exchange fell more than 1,800 points on Thursday, almost 7%, after the increase in cases of coronavirus Optimism buoyed around a rapid recovery in the economy following the worst crisis in decades.
The crash came after the market had made steady progress for two months at a rate that many skeptics described as disproportionate and not reflecting the dire state of the economy.
The day before, the Federal Reserve He said there was a long way back to recovery.
Bond yields fell sharply, a sign of growing caution among investors. Crude oil prices plunged 8%.
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