Dow Reprieve Short-Lived as California Flags Jump in Covid-19 Infections

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By Yasin Ebrahim – Deeper selling returned to Wall Street, following a short-lived reprieve in afternoon trading Thursday, following reports of a sharp uptick in infections in California.

The was down 665 points, or 2.41%. The fell 2.36% and slumped 2.63%

California Gov. Gavin Newsom said Thursday is monitoring at least 8,400 people for Covid-19, with 28 people in the state confirmed to have contracted the virus.

A day earlier, the CDC confirmed the first infection to a patient in California who did not have “relevant travel history or exposure to another known patient,” raising concerns of a rapid outbreak.

The news sparked a renewed bid in safe havens, with moving deeper into the red following a bounce off the record low of 1.24% seen early today,

In forex moves, the dollar continued to lose ground against yen. fell 0.5% to Y109.86.

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