Big gains end with pullback from overseas
(WorldNews Business)

Wall Street`s recent string of big gains came to an abrupt stop Tuesday as stocks closed broadly lower following a pullback in markets overseas. The S&P 500 fell 1.1 percent after spending most of the day in the red. The sell-off snapped the index`s five-day winning streak. Technology stocks, banks and companies that rely on consumer spending accounted for a big slice of the slide, which accelerated toward the end of the day. Bond yields fell and the price of gold rose, another sign of caution in the market. Optimism that the economy is on the mend as businesses reopen has helped drive stocks higher. But the recent surge in confirmed new coronavirus cases has clouded hopes for a relatively...