A rally in U.S. stocks fizzled Monday after California rolled back its reopening plans, spurring worries about another coronavirus lockdown.
Major stock indexes had surged earlier in the session, with the Dow Jones Industrial Average rising more as much as 563 points. But sentiment shifted after California moved to close all indoor dining, bars and other businesses. The Los Angeles Unified School District, the nation’s second largest, said it would start the school year online.
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