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U.S. equities slump ahead of Big Tech earnings
Anchalee Worrachate and Cormac Mullen Jan 25, 2021, 5:01 PM - Updated on Jan 26, 2021, 6:3, Bloomberg News
BNN Bloomberg s mid-morning market update: Jan. 26, 2021 VIDEO SIGN OUT
U.S. stocks slid ahead of earnings reports from the biggest tech companies. The dollar weakened.
The S&P 500 Index edged lower after struggling to gain traction throughout the day, weighed down by worries over new coronavirus variants and hurdles to a fresh aid package. Small-caps were among the worst performers as traders turned away from bets on an end to COVID lockdowns. GameStop Corp. extended its astronomical surge as day traders continued to pile into the heavily shorted retailer.