Dow sinks more than 3% as virus fears intensify again

The Dow is down more than 3% in late-morning trading, leading a sharp decline in U.S. stocks on Monday, as a second wave of the coronavirus overseas fueled worries about its impact on businesses. Britain's senior medics said the country will face an exponentially growing death rate from COVID-19 within weeks unless urgent action is taken to halt a rapidly spreading second wave of the outbreak.