(WASHiNGTON, D.C.) — With over a million people dead due to COVID-19 on a global scale and 43 million confirmed cases, the World Health Organization expressed concern over the accelerating rate of infection.
Dr. Tedros Adhanom Ghebreyesus, director general of the World Health Organization, said Monday during a conference in Geneva, “Last week saw the highest number of COVID-19 cases reported so far.”
America and Northern Europe are experiencing the worst spike in cases, which Tedros noted is due to resistance from certain parts of the populations.
“Where there has been political division at the national level, where there has been blatant disrespect for science and health professionals, confusion has spread and cases and deaths have mounted,” he explained.
On the same day as the conference, the U.S. experienced another rocky day in the stock market, its worst since September 3.
The Dow Jones Industrial Average plunged 650 points, shedding 2.3 percent while the S&P 500 gave up 1.6 percent, falling to 3,400. The NASDAQ fell by 1.6 percent, tumbling to 11,358.
In an interview with The Associated Press, Ross Mayfield, an investment strategy analyst at Baird, called the rising COVID-19 cases and the tumbling stocks “a perfect storm.”
“The record case numbers and the kind of rolling lockdowns across Europe are getting the headlines,” said Mayfield. “Oil is down on some supply and demand issues. Stimulus seems more and more unlikely by the day, at least pre-election.”