U.S. Stocks Decline as Oil Tumbles, Bonds Advance: Markets Wrap
- Geman plan to enter lockdown over Easter weighs on risk assets
- Travel companies among the worst performing equities
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U.S. equities fell, with companies that would benefit from an end to lockdowns faring the worst, amid concern that rising virus cases and new restrictions in Germany signal the global reopening will be delayed.
The S&P 500 Index slumped and the small-cap Russell 2000 dropped 3.6% as beneficiaries of the reopening trade including Carnival Corp. and TripAdvisor Inc. tumbled. An index of airline shares fell the most since October.