Global stocks wobble as coronavirus cases surge and a 'harsh dose of COVID-19 reality' hits investors

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• Stocks wobbled on Thursday as investors were spooked by a "stunning" rise in coronavirus cases and the International Monetary Fund's further diminished world economic outlook this year.
• US stocks are set to open slightly down as futures tied to major indexes fell only as much as 0.3%.
• "The harsh dose of Covid-19 reality capped a lousy night for the US, and by association, world markets," a senior Asia Pacific market analyst at OANDA said.
• Visit Business Insider's homepage for more stories.

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Global stocks were shaky on Thursday as investors weighed the possibility of a rapid rise in US coronavirus cases leading to reimposed shutdowns, and a bleak economic outlook from the IMF.

On Wednesday, the US outpaced its highest single-day total of new infections by over 36,000. The bulk of new cases emerged from Florida, California, and Texas.

See the rest of the story at Business Insider

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See Also:

• Day trading for fun is a 'losing proposition,' Wealthfront's investment chief Burton Malkiel warns
• A top Trump economic adviser says the next wave of stimulus checks should go to 'people who lost their jobs and are most in need'
• US new-home sales jumped nearly 17% in May, more than economists expected, as buyers rushed back to the market

SEE ALSO: IMF now sees even deeper global recession as economies struggle to recover from COVID-19

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