European stocks touch five-month low * Germany and France prepare to announce restrictions * US dollar rallies again; gold, silver slip * Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn (Updates prices, changes comment, dateline; previous LONDON) NEW YORK, Oct 28 (Reuters) - Stocks tumbled across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere will damage already-fragile economic recoveries, while the U.S. dollar rose on safe-haven bids. Treasury yields fell alongside the price of oil and gold was under pressure from the rising dollar. On Wall Street, the energy and technology sectors of the benchmark S&P 500 were among the hardest hit. “Whether you call it a continuation of the pandemic or a third wave of new case discovery - it is the largest concern,” said Art Hogan, chief market strategist at National Securities in New York. “Unless and until we get through this pandemic, it is hard for investors to imagine a better economic time.” The Dow Jones Industrial Average fell 808.89 points, or 2.95%, to 26,654.3, the S&P 500 lost 97.21 points, or 2.87%, to 3,293.47 and the Nasdaq Composite dropped 333.79 points, or 2.92%, to 11,097.56. European shares touched their lowest since late May as Germany and France prepared to announce restrictions approaching the level of the lockdowns in the spring, as COVID-19 deaths across Europe jumped almost 40% in a week. The pan-European STOXX 600 index lost 3.29%, touching its lowest level since May. MSCI’s gauge of stocks across the globe shed 2.57%.