Stocks fell by more than 3% at the open.
The Dow Jones Industrial Average fell 3.3%, around 900 points, at Thursday’s open, while the S&P 500 was down 2.5% and the tech-heavy Nasdaq Composite lost 1.5%.
The S&P 500 is on track for a third straight day of losses, turning negative for the year after briefly turning positive for 2020 earlier this week. As states continue to reopen, many that have loosened restrictions have seen a spike in new cases. Wall Street is increasingly worried about a second wave of coronavirus infections: Texas, for example, was one of the first states to reopen, but recently reported three consecutive days ofStocks that would benefit from a reopening—including airlines, retailers and cruise operators—have all been moving lower recently, after having led the market rally in the past few weeks.on Thursday, with 1.
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