NEW YORK (AP) — Stocks are falling again Monday on fears that new waves of coronavirus infections could derail the swift economic recovery that Wall Street was sure was on the way.

The S&P 500 was down 1% in midday trading, after earlier being down as much as 2.5%. The recent stumble means U.S. stocks are now 11% below their record set in February, after a furious rally had brought them back within 6% in the middle of last week.

China is reporting a new outbreak, and New York's governor is upset groups of people are packing together outside bars and restaurants without face masks, in violation of restrictions.

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