NEW: Global stock markets tumble after the Federal Reserve signaled a long path to recovery from the coronavirus pandemic.
The Associated Press
Globally, India reported a record number of nearly 10,000 new coronavirus cases over the past 24 hours with health services in the worst-hit cities of Mumbai, New Delhi and Chennai becoming swamped by the rising infections. In Europe, France's CAC 40 was 2.6% lower at 4,923 and Germany's DAX dropped 2.6% to 12,203. Britain's FTSE 100 fell 2.4% to 6,179.
The outlook for a recovery from the worst downturn in decades is uncertain as states and countries push ahead with reopenings from pandemic shutdowns.
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