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Stock Rally Fades As US Aid Package Heads For New Vote

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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, March 26, 2020. Asian stock markets are mixed after Wall Street gained as U.S. legislators wrangled over a proposed $2 trillion virus aid package. (AP Photo/Vincent Yu)

(AP) — Global stock markets and U.S. futures are down after two days of gains and after the U.S. Senate approved a proposed $2.2 trillion virus aid package and sent it to the House of Representatives. London and Frankfurt opened down almost 2% on Thursday while Tokyo lost 4.5% on the close and Shanghai also fell. The S&P 500 futures are down about 1%. The Senate approved a plan to blunt the impact of business shutdowns due to the spread of the coronavirus after delays caused by arguments over aid to companies and laid-off workers. Investors say they need to see a decline in new virus cases before markets bottom out.

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