Stocks Erase Gains With Stimulus Odds Still Long: Markets Wrap

By Vildana Hajric and Anchalee Worrachate

U.S. stocks turned lower as investors remained on edge with aid talks showing little progress and data signaling coronavirus cases on the rise. The dollar strengthened.

Technology shares led the S&P 500 Index’s retreat. AT&T Inc. advanced after the phone giant added more wireless subscribers than analysts estimated. Luxury handbags and scarves house Hermes International rose after surpassing analysts’ sales estimates on a rebound in demand from Asia.

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