U.S. Stocks Erase Weekly Gain on Profit Warnings: Markets Wrap
A trader glances toward a quote screen on the floor of the New York Stock Exchange. (Photographer: Daniel Acker/Bloomberg News)

U.S. Stocks Erase Weekly Gain on Profit Warnings: Markets Wrap

(Bloomberg) -- U.S. stocks dropped as investors began May pondering profit warnings tied to the coronavirus and a ratcheting up of tension with China. The dollar rose as a risk-off mood prevailed.
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