Stocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe
NPRStocks Tumble As Coronavirus Cases Spike Again In U.S. And Europe Enlarge this image toggle caption Nam Y. Huh/AP Nam Y. Huh/AP Updated at 5 p.m. ET Stocks on Monday posted their worst day since early September amid a surge in coronavirus cases in the United States and Europe and declining optimism about another U.S. pandemic relief bill. "There continue to be wide swaths of the U.S. economy which simply cannot get back to normal in a worsening pandemic, including travel, leisure, entertainment, restaurants and bricks-and-mortar retailing," said David Kelly, chief global strategist at J.P. Morgan Funds. While House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin spoke several times about a bill last week, White House officials say significant differences remain between the two sides.