Dow falls 397 points as coronavirus concerns smother tech rally | Markets Insider

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Dow falls 397 points as coronavirus concerns smother tech rally | Markets Insider
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Dow falls 397 points as coronavirus concerns smother tech rally

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, raised concerns about consumer confidence waning amid the virus resurgence. Business owners and consumers"

" as cases increase, and the US economic recovery could end prematurely if confidence crumbles further, he said."There is a real sense that this might go on longer than we had hoped and we had expected and we had planned for," Bostic added.

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