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April 8, 2020

Wall Street's rally fizzles as oil prices plunge

By STAN CHOE and ALEX VEIGA
AP Business Writers

NEW YORK — A big rally on Wall Street suddenly vanished Tuesday, undercut in part by another plunge in the price of oil.

The S&P 500 dipped 0.2% after erasing a surge of 3.5% earlier in the day. The market's gains faded as the price of U.S. crude oil abruptly flipped from a gain to a steep loss of more than 9%.


 
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