S&P 500 extends decline to 1.3% with Florida cases up next

The mood worsens

SPX

The S&P 500 has extended its decline to 36 points, wiping out the late-day rally from yesterday. There is talk about large quarter-end selling flows for stocks but this is more about coronavirus news as Texas shuts down bars in a rollback of the reopening.

Florida cases are usually reported shortly after the bottom of the hour. Note that there were record highs in each of the past two Fridays.

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