World Market

 Asian stocks look set to follow their U.S. counterparts lower Friday — with futures pointing to modest losses in Japan, Hong Kong and Australia — as a resurgence in coronavirus cases added to concern that tougher restrictions may slow the economic recovery. The S&P 500 fell 1% as New York City prepared for the possibility of closing schools while Chicago urged residents to stay at home. Meantime, the Trump administration is stepping back from stimulus talks and leaving Congress to revive negotiations, according to people familiar. Benchmark 10-year Treasury yields fell back below 0.90% and the dollar ticked higher.