After a stupendous rally, Wall Street is lately witnessing bouts of volatility on fears of a second wave of coronavirus infections. This is especially true as the United States reported more than 30,000 additional coronavirus cases on Friday and Saturday, the highest daily totals since May 1, according to data compiled by Johns Hopkins University.
New cases are rising in states across the South, West and Midwest. California reported a record 4,515 new cases in a 24-hour period on Sunday — the highest so far in one day for the state during the pandemic. Cases in Florida rose by a single-day record of 4,049 based on Saturday’s tally, and cases on Sunday increased another 3,494. States including Arizona, Nevada, Missouri, South Carolina, Montana and Utah also saw cases rise by one-day records over the weekend. The increase in new cases has sparked a broad-based resurgence in the pandemic that threatens
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