Markets fall, COVID-19 deaths pass 3 million

Markets fell on Tuesday.

The S&P 500 fell 0.7 percent, the STOXX Europe 600 plunged 1.9 percent and the Nikkei 225 sank 2.0 percent.

The worldwide Covid-19 death toll hit 3 million on Saturday, and Michael James, managing director of equity trading at Wedbush Securities, said: “We’re not out of the woods yet when it comes to the COVID virus and getting to where global economies are reopening.”

“There’s a repricing of what the international environment is going to look like,” said Tufts University economist Brian Bethune.