Stocks go into reverse as virus fears resurface

New York (AFP) – Global stocks mostly fell Tuesday as fears sparked by fresh lockdowns and bad economic news prompted profit-taking after strong gains the previous session.European indices slipped after a pessimistic growth forecast by the European Commission which said the eurozone economy will contract by 8.7 percent in 2020 due to the coronavirus crisis.Chris Beauchamp, chief market analyst at IG trading group, said the EU outlook pours “cold water on the economic recovery narrative that had held sway over the past few sessions thanks to data from the US and China.”Wall Street stocks also p…

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