Wall Street slumps on rising virus cases, fading stimulus hopes

Travel-related stocks that are vulnerable to COVID-19 related curbs including American Airlines, United Airlines Holdings and Booking Holdings Inc fell between 3% and 4.5%. Wall Street’s main indexes had ended lower last week as investors closely monitored talks over the next round of fiscal package, while economic data pointed to a stalling recovery. U.S. House Speaker Nancy Pelosi on Sunday said the Trump administration was reviewing the latest proposal for COVID-19 relief over the weekend and that she expected a response on Monday. …read more

Source:: Yahoo Finance

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