US stock prices fell on Thursday as investors focused on the increase in the number of coronavirus cases and made a cautious comment from the Federal Reserve. The three major indicators published their biggest single-day decline since March 16.

A frightening second wave of COVID 19 infection is becoming more and more apparent in some states as efforts to reopen continue. Texas reported its third day of record coronavirus hospitalizations, while Florida saw its worst increase in weekly cases. Arizona and California also revealed an increase in new cases. The rise in the number of cases has pushed the US total to more than 2 million.