NEW YORK – Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks’ apparently stellar earnings last week.
Kansas City Southern surged 15.2% on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific.
Boeing Co slid 4.1% on the unexpected departure of its finance chief, the latest shock to hit the planemaker as it fights to recover from the pandemic and 737 MAX crisis.
Investors piled into defensive sectors co…
Keep on reading: Wall Street closes lower as virus spike hits travel stocks