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Virus surge wipes out months of progress in US, Europe. Here's where new cases are the highest

Virus surge wipes out months of progress in US, Europe. Here's where new cases are the highest

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A new wave of lockdowns and business closings swept across France, Germany and other places in Europe on Wednesday as surging coronavirus infections there and in the U.S. wipe out months of progress against the scourge on two continents.

The resurgence and the resulting clampdown sent a shudder through financial markets, and stocks slumped.

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More developments today:

  • The Dow Jones Industrial Average dropped 943 points Wednesday as surging coronavirus cases in the U.S. and Europe threaten more business shutdowns and pain for the economy.
  • France announced a full nationwide lockdown for the second time this year and German officials imposed a partial four-week lockdown Wednesday, as governments across Europe sought to stop a fast-rising tide of coronavirus cases.
  • The fall COVID-19 surge keeps growing, with 29 states setting new records this month for the most new daily cases since the pandemic began, according to data from Johns Hopkins University. And it's not just due to more testing.
  • With many of its live entertainment shows gone dark, Walt Disney World on Wednesday laid off 720 actors and singers, according Actors' Equity Association, the labor union representing the performers.

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A closer look at virus spread, its financial impact and how to protect yourself:

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