Tech Sinks U.S. Stocks as ECB Fuels Growth Worries: Markets Wrap
- Government bonds rally as officials announce new bank loans
- Dollar strengthens for seventh day as oil climbs toward $57
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A drop in tech shares helped send U.S. stocks to their longest losing streak this year as the ECB’s grim economic forecasts reinforced concerns that global growth is slowing. The euro fell to the lowest since 2017.