Day 88

11/06/2020 Thursday, Gloomy

NEW YORK (Reuters) - Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.

All three major U.S. stock indexes lost well over 5%, posting their worst one-day percentage drops since March 16, when markets were sent into freefall by the abrupt economic lockdowns put in place to contain the pandemic. The Nasdaq snapped a three-day streak of record closing highs.

Coronavirus came to UK 'on at least 1,300 separate occasions'

"It wasn't a patient zero," he added.

The study showed that less than 0.1% of those imported cases came directly from China. Instead the UK's coronavirus epidemic was largely initiated by travel from Italy in late February, Spain in early-to-mid-March and then France in mid-to-late-March.

The study estimates 80% of those initial cases arrived in the country between 28 Feb and 29 March - the time the UK was debating whether to lockdown.

After this point, the number of new imported cases diminished rapidly.