NEW YORK: Stocks fell sharply Thursday (Friday in Manila) on Wall Street as coronavirus cases in the US increased again, deflating recent optimism for a quick economic recovery and raising more doubts about how long the market’s scorching comeback can last.

The Dow Jones Industrial Average sank more than 1,800 points and the S&P 500 dropped 5.9, its worst day since mid-March, when stocks went through repeated harrowing falls as the virus lockdowns began.

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