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July 10, 2020

Wall Street wilts over virus worries

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

NEW YORK — Most of Wall Street wilted Thursday on worries that the economy's recent improvements may be set to fade as coronavirus cases keep climbing.

The S&P 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks whose fortunes are most closely tied to a reopening and strengthening economy. Treasury yields also sank in another sign of increased caution.


 
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