Stock markets retreat as nervous investors pocket week’s gains

New York (AFP) – Stock markets on both sides of the Atlantic retreated Friday as investors banked profits from the week’s rally sparked by massive government and central bank action to protect economies from the coronavirus. “Today’s sell off is most probably a consequence of three days of strong gains and a paring of risk ahead of the weekend,” said Michael Hewson at CMC Markets UK.He said it was “a welcome sight to see European stocks finish the week higher for the first time since mid-February, offering a welcome respite to some pretty battered portfolios.”The Dow Jones Industrial Average s…

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