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Wall Street plummets on rising number of virus cases, dire economic forecast – Sydney Morning Herald

Wall Street has recorded its worst day in three months, setting up the ASX for more heavy losses, as rising coronavirus cases deflate recent optimism that the US economy could recover quickly as lockdowns ease.

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“There’s really no buy point,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “It’s pretty much selling all the way through.”
Tim Ghriskey, chief investment strategist …

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