Wall Street drops after strong rally as COVID-19 cases mount


The Nasdaq claimed another record intraday high and held gains for a good part of the session before ending the day lower. The Dow Jones Industrial Average fell 396.85 points, or 1.51%, to 25,890.18, the S&P 500 lost 34.4 points, or 1.08%, to 3,145.32 and the Nasdaq Composite dropped 89.76 points, or 0.86%, to 10,343.89.

NEW YORK: U.S. stocks fell on Tuesday, adding to losses into the close, as investors took profits a day after the S&P 500 logged its longest streak of gains this year and as new U.S. coronavirus cases rose further.

Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its travel quarantine for visitors from three more states, while Florida's greater Miami area rolled back its reopening.

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