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Stocks Slide on Coronavirus Uptick, Fading Stimulus Hopes

Stocks dropped sharply Monday as coronavirus cases surged in the U.S. and Europe, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal.

Major indexes opened lower, and the declines accelerated into the afternoon.

The Dow industrials fell 650 points, or 2.3%,…

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