Why Disney Stock Is Dropping Today

Shares of Walt Disney (NYSE: DIS) fell on Thursday as states across the country struggle to contain the spread of COVID-19. As of 12:33 p.m. EDT, Disney's stock was down more than 5%.

There are now more than 2 million confirmed cases of COVID-19 in the U.S. Worse still, 113,000 Americans have died from the disease. 

In recent days, more than a dozen states have reported a record number of new COVID-19 cases. Health officials -- many of whom have long warned of a second wave of infections -- are now also cautioning that the first wave is far from over. 

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Source Fool.com