S&P 500 Drops After Big Rally Amid Tech Selloff: Markets Wrap
Stock market movements shown on an electronic display in Tokyo, Japan. (Photographer: Kiyoshi Ota/Bloomberg)

S&P 500 Drops After Big Rally Amid Tech Selloff: Markets Wrap

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(Bloomberg) -- Stocks dropped on speculation that this month’s rally has outpaced prospects for an economic rebound amid a surge in coronavirus cases around the globe. Treasuries fell.