Wall Street three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic.

Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions meant to slow the spread of the disease were lifted early.

The top U.S. infectious disease official Anthony Fauci has said the next two weeks could be critical in containing the outbreak.

At 10:58 a.m. ET, the Dow Jones Industrial Average was down 511.17 points, or 1.95%, at 25,644.93, the S&P 500 was down 55.89 points, or 1.78%, at 3,075.40. The Nasdaq Composite was down 136.26 points, or 1.34%, at 9,995.11.

Source : Reuters