Stocks sink as virus cases jump, forcing states to backtrack

ALEX VEIGA and DAMIAN J. TROISE

AP Business Writers

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses.

The combination injected new jitters into a market that's been mostly riding high since April on hopes that the economy will recover from a deep recession as businesses open doors and Americans begin to feel more confident that they can leave their homes again.

The S&P 500 dropped 2.4%, giving up all of its gains after a rally the day before. The sell-...