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October 15, 2020

Stocks fall on Wall Street as hopes fade for stimulus deal

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier.

The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Trading in stock markets overseas was subdued as coronavirus counts climb around the world, raising the risk of more government restrictions on businesses. Treasury yields fell, while prices for crude oil and gold rose.


 
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