Wall Street slips as virus outbreaks dim rebound hopes
U.S. stocks are falling in early trading Tuesday as expanding coronavirus outbreaks dim hopes for a speedy recovery.
The S&P 500 and Dow Jones Industrial Average followed benchmarks in France, Germany and Britain lower after the European Union slashed its forecasts for economic growth in 2020.
Investors worry that recovery from the global recession and the lockdowns on businesses will take longer than expected.
Stocks also fell in Tokyo, Seoul and Hong Kong, while the Shanghai Composite index advanced.
Precious metals and crude oil prices also fell, as did the 10-year Treasury yield.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
FranU graduates are ready to start their nursing careers
Restaurants facing broken food supply chains due pandemic
Driver shot during Iberville police chase was fleeing law enforcement with his...
Turnout remains low at federally-backed mass vaccination sites
Cryptocurrency making a wave in Baton Rouge, lawmakers hope to create rules...