Wall street losses gain steam, with the dow dropping 700 points amid coronavirus fears

U.S. stocks fell sharply on Wednesday, following their European counterparts, as investors worried that the latest increase in coronavirus infections could halt the global economic recovery. The Dow Jones Industrial Average dropped 608 points, or 2.2%. The S&P 500 dipped 2.3% and the Nasdaq Composite traded 2.6% lower. In Europe, the German Dax index dropped nearly 4% to its lowest level since late May and the French CAC 40 slid 3.3%. The FTSE 100 in London fell 2.5%. Read more at CNBC.