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Stocks Are Under Pressure After Warnings of Fallout From U.S. Fund
Stocks are under modest selling pressure as investors weigh the news that some banks could face hefty losses linked to problems at a U.S.-based hedge fund believed to be Archegos Capital Management.
At midday, the Dow Jones Industrial Average was down 32 points, or 0.1%. The S&P 500 was down 0.3% and the Nasdaq Composite dropped 0.7%.
Both…