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Market falls after new Covid strain causes U.K. to lock down, U.S. lawmakers finalize stimulus deal


Stocks fell on Monday to start the holiday week as enthusiasm over a coronavirus stimulus deal was overwhelmed by worries over a viral new Covid strain in the U.K.The Dow Jones Industrial Average last traded about 50 points lower after falling as much as 423 points. The S&P 500 shed 0.8% and the Nasdaq Composite fell 0.6%. Dow-component Nike popped more than 6% to hit a record high on the back of strong earnings. Bank stocks jumped in unison with JPMorgan and Goldman up 4.3% and 6.9%, respectively, after the Federal Reserve announced it will allow the nation’s big banks to resume share buybacks in …

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