US stocks open lower as global virus tally nears 9 million
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June 22, 2020 7:06 AM
Stocks are opening broadly lower on Wall Street, in line with weakness in overseas markets, as the global tally of coronavirus infections approaches 9 million. The S&P 500 fell 0.4% in early trading Monday. The index is coming off its fourth weekly gain in the last five. European market were also trading lower, and Asian markets also fell overnight. Bond yields fell, another sign that investors were cautious. Many investors remain skeptical that the market’s recent surge is justified by the weak state of the economy even as many countries and U.S. states start to reopen.
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