US stocks plummeted into the close, with all three indexes recording their worst performances since March 16 -- when the stock selloff over worries how the pandemic would affect the economy was at its worst. The rising number of coronavirus cases in the United States has unnerved Wall Street. Usually low interest rates are good for stocks because it gets cheaper for companies to borrow money. Brazil, Russia, the United Kingdom and India have the most cases after the United States. Stephen Innes, chief global markets strategist at AxiCorp, said Thursday that markets are having trouble digesting headlines that indicate new virus outbreaks in the United States.

Source: CNN June 11, 2020 09:54 UTC