Wall Street hits brakes on rally; Dow plunges more than 350 points

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Wall Street hits brakes on rally; Dow plunges more than 350 points
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An uptick in covid cases around the country is sparking fears of a new round of infections that could slow down the economic recovery

U.S. stock markets fell Tuesday as an uptick in U.S. covid cases and grim economic projections took some of the wind out of the June rally.

Dow Jones industrial average slid more than 350 points, or 1.3 percent, at the opening bell. The Standard & Poor’s 500 index dropped 1.1 percent while the Nasdaq Composite lost nearly 0.6 percent.The retreat follows a six-day rally that pushed the S&P 500 index back into positive territory for the year and propelled the tech-heavy Nasdaq to a record high. U.S.

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