- U.S. stocks slid Monday as investors focused on spiking global coronavirus cases, which offset continued economic-reopening progress.
- Gold rose, nearing its highest level since 2012, as investors bought the safe-haven asset.
- New coronavirus cases hit records in some US states, and continue to gain globally.
- Read more on Business Insider.
U.S. stocks slid Monday as investors focused on spiking global coronavirus cases, which offset continued economic-reopening progress.
New cases of coronavirus continue to increase in the US as the country reopens from lockdowns that began in mid-March to contain the disease.
The US reported more than 30,000 new COVID-19 cases on Friday and Saturday, the highest levels since May 1, according to Johns Hopkins University data.
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