Dow falls more than 500 points as stocks open sharply lower on COVID case rise

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U.S. stocks opened sharply lower Wednesday, under pressure as a continued rise in COVID-19 cases threatened to prompt renewed lockdowns in Europe and raised worries about the strength of the economic recovery in the U.S. The Dow Jones Industrial Average dropped 528.92 points, or 1.9%, to 26,934, while the S&P 500 dropped 63.32 points, or 1.9%, to 3,327.36. The Nasdaq Composite fell 226.04 points, or 2%, to 11,205.31.

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