A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, US, March 13, 2020. — Reuters pic
Wall Street’s main indexes have tumbled in the past three weeks as investors dumped heavyweight technology-related stocks following a stunning rally that returned the S&P 500 and the Nasdaq to record highs. “When the market ran up, its biggest reason was people wanted to get in before it was even higher. And now people are becoming nervous that the almost extraordinary gains for this year will all be given back.”
Congress has for weeks remained deadlocked over the size and shape of a fifth coronavirus-response bill, on top of the approximately US$3 trillion already enacted into law.