Deaths per day from the coronavirus in the US are on the rise again, just as health experts had feared, and cases are climbing in nearly every state, despite assurances from President Donald Trump over the weekend that “we're rounding the turn, we're doing great.”
Health experts had warned that it was only a matter of time before deaths turned upward, given the record-breaking surge in cases engulfing the country. Deaths are a lagging indicator — that is, it generally takes a few weeks for people to sicken and die from the coronavirus.
Fears about the virus's toll on the economy — and fading hopes that Washington will be able to deliver more relief anytime soon — sent stocks into a slump in afternoon trading on Wall Street. The S&P 500 was 2.3 per cent lower and on track for its worst day in more than a month. The Dow Jones Industrial Average was down more than 800 points, or almost 3 per cent.
Just last week, the President during the last presidential debate downplayed the virus’s effect in Texas, saying: “There was a very big spike in Texas, it’s now gone.”Loading
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