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RSS FeedsStocks worldwide slink back as virus dims recovery hopes
(WorldNews Business)


7 july 2020 18:28:41

Stocks worldwide slink back as virus dims recovery hopes
(WorldNews Business)

NEW YORK (AP) — Most of Wall Street is slipping in midday trading on Tuesday, giving back a slice of the big gains made the past couple weeks. More than three quarters of the stocks in the S&P 500 were dropping, and the index was down 0.1%, as of 11 a.m. Eastern time. Stocks sank more in France, Germany and elsewhere after the European Union`s executive arm said this year`s recession caused by the coronavirus pandemic will be deeper than forecast. It also said next year`s expected rebound could be weaker than expected. The Dow Jones Industrial Average was down 176 points, or 0.7%, at 26,109, and stocks in Asia also fell following the big rally that swept markets worldwide on Monday. Big...

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