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November 18, 2020

Stocks fall as virus worries force big rally to take a pause

By STAN CHOE and DAMIAN J. TROISE
AP Business Writers

NEW YORK — Worries about the worsening pandemic pushed Wall Street to tap the brakes Tuesday on its big November rally, which had vaulted stocks back to record heights.

Treasury yields also dipped after a report showed U.S. shoppers spent less at retailers last month than economists expected. The numbers underscore how the coronavirus pandemic is worsening and threatens to drag the economy lower, at least in the near term.


 
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