US stocks open lower on UK Covid-19 spike despite US stimulus | Malay Mail

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NEW YORK, Dec 21 — Wall Street stocks opened lower today as worries over a new highly-infectious strain of Covid-19 in Britain offset optimism from agreement on a long-delayed US stimulus bill. About 15 minutes into trading, the Dow Jones Industrial Average was down 0.6 per cent to...

Wall Street stocks opened lower today as worries over a new highly-infectious strain of Covid-19 in Britain offset optimism from agreement on a long-delayed US stimulus bill. — Reuters pic

Numerous countries slapped travel bans on Britain after British Prime Minister Boris Johnson announced new restrictions Saturday, blaming the spread of a highly-infectious coronavirus variant. Several leading banks were higher after the Federal Reserve on Friday approved share repurchases with some limitations. JPMorgan Chase and Bank of America both gained more than three percent.

 

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