Stocks Plunge, Erase Late-Day Panic Bid On Texas Shutdown Rumors

US equities are down notably this morning, erasing all the late-day surge yesterday as rumors abound that Texas may reverse its reopening plans.

CBS News' Doug Dunbar tweeted the following:

Sources confirm a coming announcement from @GregAbbott_TX shortly, regarding a roll back on certain reopening phase items. I’m told bars and restaurants will be the subject.

And that accelerated losses, erasing the surge on optimism about hospitalizations from yesterday afternoon...

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While The Dow and Small Caps are worst on the day, Nasdaq is now back below overnight lows...

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Cue Kudlow!