NEW DELHI:
Wall Street
’s main indexes slumped with the S&P 500 falling below 3,000 points on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery.
Battered shares of US airlines, casino operators and cruise operators were among the top decliners after attempting a rebound over the past month. Norwegian Cruise Line Holdings Ltd and Wynn Resorts fell 7% and 4.3%. The S&P 1500 airlines lost 4.5%.
Beijing re-imposed curbs after a wholesale food market saw an unexpected spike in cases, while the United States saw a