FILE PHOTO: Jasmine Bermudez and Brad Philbert stop to take a photograph in front of the"Charging Bull" statue while wearing masks to prevent exposure to the coronavirus disease in New York, U.S., March 17, 2020. REUTERS/Lucas Jackson/File Photo
“All this week, we’ve been hearing how it’s going to get worse. The facts seem to be supporting that narrative,” said Brian Battle, director of trading at Performance Trust Capital Partners, referring to the virus. “Even if it isn’t mandated by the government to stay home, people aren’t going to be comfortable going out. They’re not going to be out and about shopping,” said Thomas Simons, money market economist at Jefferies.
“Markets were pricing in too much perfection for the past couple of weeks,” said Oliver Pursche, president of Bronson Meadows Capital Management. “We were overbought both on a technical and a fundamental level.” One of those could come from concerns over U.S.-China trade tensions. President Donald Trump and top U.S. officials recently said the trade deal remains intact, after White House trade adviser Peter Navarro said Monday the hard-won pact was “over.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks open lower on Wall Street as coronavirus cases surgeStocks are opening lower on Wall Street as investors are discouraged to see a surge in new coronavirus cases in the U.S. to their highest level in two months. The S&P 500 fell 0.6% in early... Who saw this coming? Oh yeah: everyone. Everyone saw this coming. The sheeple are about to learn a hard lesson in economics. The illusionary credit system is toast.
Source: AP - 🏆 728. / 51 Read more »
Stocks slide lower on Wall Street as coronavirus cases surgeStocks are moving sharply lower on Wall Street after new coronavirus cases in the U.S. hit their highest level in two months Close the Southern border...🤯 WadaJP またドル円101の世界が来ると良いのですが。 The markets are being manipulated as much as possible by the Trump administration. However, with the continued rise of Coronavirus cases the numbers will not hold. The chickens will have finally come home to roost under the abysmal presidency of realDonaldtrump
Source: ABC - 🏆 471. / 51 Read more »
Stocks move lower on Wall Street as coronavirus cases surgeStocks moved broadly lower on Wall Street in early trading Wednesday as investors turned cautious after new coronavirus cases in the U.S. climbed to the highest level in two months.
Source: latimes - 🏆 11. / 82 Read more »
Second half outlook: Stock market comeback may hit a wall as coronavirus cases spike againStocks could face turbulence and limited gains in the second half of the year, as the Covid-19 pandemic continues to set the course for markets and the economy. Why we’ve handled this perfectly as a country and not stupid at all. 🎥 'If there is a wall in front of you, go through it,' says Trump in ... IDEX now people!
Source: CNBC - 🏆 12. / 72 Read more »