Stocks ended the day down as California’s decision to roll back some opening measures accelerated selling into the close.
The S&P closed down 0.9%, the Dow was flat and the Nasdaq fell 2.1%.
All California counties must close indoor activity in certain areas like restaurants and bars, while LA and San Diego counties will start the school year with online classes in August.
The California moves shook a market that was already struggling with a reversal in momentum stocks, which had charged higher midday. Apple, down 0.4%, and Amazon, off 3.3%, had been more than 4% higher earlier.
Tesla, which hard charged above $1,600, ended down 3.2%.
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