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Stocks slink back as virus outbreaks dim recovery hopes - Black News Channel

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By STAN CHOE AP Business Writer NEW YORK (AP) — Most U.S. stocks are slipping in early trading on Tuesday, giving back some of their big gains from the past couple weeks. The SP 500 was 0.3% lower, as of 9:50 a.m. Eastern time. Stocks were down even more in France, Germany and elsewhere after the European Unions executive arm said this years recession caused by the coronavirus pandemic will be deeper than forecast. It also said next years expected rebound could be weaker than expected. The Dow Jones Industrial Average was down 219 points, or 0.8%, at 26,067, and []

The post Stocks slink back as virus outbreaks dim recovery hopes appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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