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A two-day slump in U.S. stocks erased weekly gains in the S&P 500 as tumbling government-bond yields sparked a retreat from risky assets. Financial shares led the week’s declines as the yield on the 10-year Treasury note Friday hit its lowest settlement in three years. Government bond yields in Germany, Japan and the U.K. fell to fresh lows amid economic concerns and a coming vote on whether the U.K. will remain in the European Union Major U.S. indexes have slipped since Thursday, after rising for the first three days of the week in an advance that carried the S&P 500 near its record close. Since then, two of the forces that bolstered stocks in recent weeks—a weakening dollar and rising oil prices—have reversed.

Source: U.S. Stocks Slide as German, U.K., Japan Bond Yields Hit Fresh Lows – WSJ