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Dow tumbles 730 points as covid-19 flare-ups force states to push back reopening

A wave of cases in Texas, Florida and other states sparks a broad selloff, unnerving investors

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June 26, 2020 at 4:01 p.m. EDT
U.S. stock markets dropped sharply Friday amid a spike in coronavirus cases. (Johannes Eisele/AFP/Getty Images)

Rising coronavirus infections roiled investors on Friday, sending stocks into a sharp decline as big-economy states like Texas and Florida put a pause on reopening to stop the disease’s spread.

The Dow Jones industrial average slid 730 points, about 2.8 percent, to close at 25,015.55. The Standard & Poor’s 500 fell 2.4 percent, to 3,009.05, while the Nasdaq composite dropped 2.6 percent, to 9.757.22