Stocks sink amid fears of new COVID-19 restrictions | TheHill - The Hill

Wednesday’s losses come as coronavirus cases and hospitalizations surge across much of the U.S., prompting some governments to reimpose restrictions meant to slow the spread.

The third wave of coronavirus cases has threatened to detail the slowing recovery from the onset of the pandemic in March, during which more than 20 million people lost their jobs as thousands of businesses were forced to close.

Roughly 11 million people have since returned to work, but the impact of rising coronavirus cases could threaten many of the businesses that brought them back.