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Stocks pare drop as traders weigh virus outlook
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Global stocks, futures slump on virus curbs; bonds rally
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S&P 500 Slumps on Virus Angst After European Rout: Markets Wrap
Bloomberg 12/21/2020 Vildana Hajric
(Bloomberg) U.S. stocks slumped, joining a global decline as a new variant of the coronavirus in the U.K. and a wave of lockdowns and travel restrictions damped spirits.
The S&P 500 Index dipped about 0.4%, dragged lower by losses for Tesla Inc., which fell more than 6% on its first day after being added to the U.S. benchmark. The Dow Jones Industrial Average eked out a gain as Goldman Sachs Group Inc. rallied after regulators approved a stock buyback. The yield on 10-year Treasuries retreated and the dollar climbed.
S&P 500 Slumps on Virus Angst After European Rout: Markets Wrap
Bloomberg 12/21/2020 Vildana Hajric
(Bloomberg) U.S. stocks slumped, joining a global decline as a new variant of the coronavirus in the U.K. and a wave of lockdowns and travel restrictions damped spirits.
The S&P 500 Index dipped about 0.4%, dragged lower by losses for Tesla Inc., which fell more than 6% on its first day after being added to the U.S. benchmark. The Dow Jones Industrial Average eked out a gain as Goldman Sachs Group Inc. rallied after regulators approved a stock buyback. The yield on 10-year Treasuries retreated and the dollar climbed.
S&P 500 Slumps on Virus Angst After European Rout: Markets Wrap
Bloomberg 12/21/2020 Vildana Hajric
(Bloomberg) U.S. stocks slumped, joining a global decline as a new variant of the coronavirus in the U.K. and a wave of lockdowns and travel restrictions damped spirits.
The S&P 500 Index dipped about 0.4%, dragged lower by losses for Tesla Inc., which fell more than 6% on its first day after being added to the U.S. benchmark. The Dow Jones Industrial Average eked out a gain as Goldman Sachs Group Inc. rallied after regulators approved a stock buyback. The yield on 10-year Treasuries retreated and the dollar climbed.
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