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GLOBAL MARKETS-Crude mixed on output deal, recession fears; shares slip

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Yahoo! Finance: SI=F News

Stocks on Wall Street mostly slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings, while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut. U.S. Treasury yields rose, bolstered by hopes for reopening the U.S. economy weeks after restrictions to fight the fast-spreading disease shut it down. The slump in China’s exports is expected to have extended into March, while a collapse in oil prices likely deepened a decline in imports, a Reuters poll showed.

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