AP Business Writer
NEW YORK (AP) — Stocks are falling again Monday on fears that new waves of coronavirus infections could derail the swift economic recovery that Wall Street was sure was on the way.
The S&P 500 was down 0.9% in midday trading, though it pared its loss through the morning after being down 2.5% earlier. It follows up on even sharper losses in Asia and milder moves in Europe. The recent stumble for U.S. stocks means they're now 11% below their record set in February, after a furious rally had brought them back within 6% in the middle of last week.
The Dow Jones Industrial Average was down 338 points, or 1.3%, at 25,267, as of 11:27 a.m. Eastern time, and the Nasdaq composite was down 0.4%.
Roughly three out of four stocks in the S&P 500 were lower,