Coronavirus resurgence looms over Wall Street rally | ZAWYA MENA Edition – ZAWYA

Coronavirus resurgence looms over Wall Street rally | ZAWYA MENA Edition – ZAWYA

Coronavirus resurgence looms over Wall Street rally Coronavirus resurgence looms over Wall Street rally | ZAWYA MENA Edition HomeMarketsEquitiesArticleCoronavirus resurgence looms over Wall Street rally Investors have for weeks flagged a potential rise in coronavirus infections    The resilience of a months-long rebound in U.S. stocks is being put to the test as a long-feared resurgence in coronavirus infections weighs on hopes of a sharp economic recovery in the United States.Investors have for weeks flagged a potential rise in coronavirus infections as a possible stumbling block to the rally in U.S. stocks. That threat increasingly appears to be materializing, with California, Texas and other U.S. states notching big jumps in coronavirus infections this week, even as other areas like New York appear to have curbed their infection rates.For now, many market participants believe that hard-hit U.S. states are unlikely to reinstate the economically devastating lockdown measures implemented earlier this year. Still, the increase in cases threatens to slow economic activity and undercut the case for a "V-shaped" recovery that has helped extend the massive spring rally in stocks. The S&P 500 is up 36% from its late-March low while the Nasdaq made its most recent record high on Tuesday.Investors have