Stocks Drop After Coronavirus Outbreaks In Beijing And U.S. States

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Stocks Drop After Coronavirus Outbreaks In Beijing And U.S. States
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U.S. stock indexes slid today as dozens of new coronavirus cases were discovered in Beijing, prompting renewed lockdown measures. Cases are still rising in several U.S. states that have reopened their economies.

A man who visited Beijing recently is tested for the coronavirus in Nanjing in China's eastern Jiangsu province on Monday.A man who visited Beijing recently is tested for the coronavirus in Nanjing in China's eastern Jiangsu province on Monday.U.S. stock indexes fell Monday as dozens of new cases were discovered in Beijing, prompting renewed lockdown measures. Meanwhile, cases are still rising in several U.S. states that have reopened their economies.

In midday trading, the Dow Jones Industrial Average was down 162 points, or 0.6%, and the broader S&P 500 index slipped 0.4% after being down even more earlier in the day.

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