Coronavirus live news: markets fall over fears of long US recovery as Brazil cases top 800,000

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Coronavirus live news: markets fall over fears of long US recovery as Brazil cases top 800,000
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US Federal Reserve concerned about possible second wave; global cases near 7.5m; Russia infections pass half a million; Follow the latest updates

Stocks fell sharply Thursday on Wall Street as coronavirus cases in the US increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long the market’s scorching comeback can last, AP reports. The Dow Jones Industrial Average sank more than 1,800 points, almost 7%, and the S&P 500 dropped 5.9%, its worst day since mid-March, when stocks went through repeated harrowing falls as the virus lockdowns began. The S&P 500 rallied 44.

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