Major U.S. stock indexes fell in Monday midday trading as coronavirus cases jumped across the U.S. and Europe, with the S&P 500 down 2.3% to 3,385.68.
The Dow Jones Industrial Average dropped 2.9% to 27,519.21 and the Nasdaq was down 2% to 11,322.36.
Crude oil decreased 3.4% to $38.51 a barrel.
Gold ticked 0.1% higher to $1,906.70.
The yield on a 10-year Treasury plunged 4.5% to 0.80%.
REAL ESTATE
Impac Mortgage Holdings Inc. (NYSE: IMH) fell 7.3% to $1.46 and a $31 million market cap. Shares for the Irvine-based mortgage originator, which had to temporarily suspend lending operations in March as a result of the pandemic, are near their 52-week low price of $1.10, and are down 73% since the start of the year.
HEALTHCARE
Orange County healthcare firms saw declines in Monday midday trading, led by Irvine healthcare software provider NextGen Healthcare Inc. (Nasdaq: NXGN), which was down 6.2% to $14.07 and a $933 million market cap. NextGen is down about 10% since the start of the year.
