NewsWatch: Nasdaq retreats from record, tumbles below 10,000 as stocks slump on resurgence of coronavirus cases and international trade tensions

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MARKETWATCH FRONT PAGE

U.S. stocks fell sharply on Wednesday, with the Nasdaq Composite coming off a second straight record close, as investors worried about the rising coronavirus cases in many states and trade tensions rising between America and Europe. See full story.

Buyer beware: SEC warns investors to avoid coronavirus-related frauds and scams

The Securities and Exchange Commission is urging investors to beware of scams linked to the coronavirus pandemic and to carefully consider claims relating to treatments, therapies and equipment that promise big returns. See full story.

Fauci says in 40 years of dealing with viral outbreaks, he’s never seen anything like COVID-19

Anthony Fauci was speaking during a House Committee on Energy and Commerce on the Trump administration’s response to the pandemic on Capitol Hill in Washington, D.C. See full story.

Bank stocks may ‘rally powerfully’ once investors realize their concerns are overblown

The Federal Reserve’s stress tests will be made public June 25, helping to erode concerns over profits. See full story.

As Spain welcomes back tourists, this tiny island finds ‘hearts divided’ with hope and anxiety

Two business owners on the tiny Spanish island of Formentera talk about the challenges of getting a business back up and running, in the face of nearly three months of income lost. See full story.

MARKETWATCH PERSONAL FINANCE

Warning: extending a return past July 15 does not extend the due date for paying any taxes due. See full story.