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Several US states see coronavirus infection spikes, Wall Street unnerved

More than 119,000 Americans have perished from Covid-19 to date, according to Reuters' running tally.

coronavirus, wall street, markets

Particularly alarming has been the upward trends several states are reporting in the percentage of positive tests among individuals who are screened, a metric experts refer to as the positivity rate.

Troubling spikes in coronavirus infection rates were reported on Friday in several US states, mainly in the South and West, a day before President Donald Trump was due to preside over an Oklahoma campaign rally that will be America’s largest indoor gathering in months.

Wall Street jitters over a resurgence in Covid-19 cases as states moved to reopen long-stifled commerce and ease social-distancing measures helped drive down major US stock indexes, reversing earlier gains.

Experts say expanded diagnostic testing accounts for some, but not all, of the growth in cases - numbering at least 2.23 million nationwide on Friday - and that

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First Published: Jun 20 2020 | 7:32 PM IST

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