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Wall Street closes lower as virus spike hits travel stocks | Money
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BusinessWall Street closes lower as virus spike hits travel stocks
Shivani KumaresanMedha SinghHerbert Lash
7 minutes read
The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. REUTERS/Brendan McDermid/File Photo
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks apparently stellar earnings last week.
Kansas City Southern (KSU.N) surged 15.2% on the prospect of a bidding war after Canadian National (CNR.TO) offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific (CP.TO). read more
Wall Street closes lower as virus spike hits travel stocks
By Herbert Lash
Reuters
NEW YORK (Reuters) - Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks apparently stellar earnings last week.
Kansas City Southern surged on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific.
Boeing Co slid on the unexpected departure of its finance chief, the latest shock to hit the planemaker as it fights to recover from the pandemic and 737 MAX crisis.