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Stocks Drop, Treasury Yields Fall for Second Day: Markets Wrap

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Slinger Johnson

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Jun 18, 2020
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U.S. stocks fell for a second day as investors weighed the latest employment data and reports about fresh outbreaks of the coronavirus in China and America. Treasuries extended their advance.



The S&P 500 opened lower after weekly U.S. jobless claims stayed above one million. Futures were up only briefly earlier after a top virus expert in China said that new cases in Beijing were curbed. The Stoxx Europe 600 extended its decline. The pound held onto losses after the Bank of England expanded its quantitative easing program.