Investors shifted their focus to the beginning of the earnings season last week. US stocks started the week with a bang despite the stalled talks over fresh fiscal stimulus and rising covid-19 infections. Markets also turned their attention to the
News of improvement in US President Donald Trump’s health after testing positive for covid-19 helped Wall Street record sharp gains at the start of the week. Investors welcomed the news of Trump’s discharge Monday night from Walter Reed Medical Center.
Although Wall Street got off to a strong start last week, the momentum soon faded with President Trump and first lady Melania Trump testing positive for covid-19. Donald Trump will now remain in quarantine, adding to the uncertainties around the
After recording losses for three straight weeks, US stocks started another week on a downturn. Although some positive momentum kicked in later in the week, the rise was not enough to offset the heavy losses. Tech stocks bucked the trend
Last week started with a bang on Wall Street, as stocks looked to recover their previous week’s losses. However, the euphoria didn’t last long. Stocks pared back gains as the week progressed, with continued investor concerns around the slow pace
US stocks started the holiday-shortened week on a sharply lower note, with the massive sell-off in tech stocks continuing. On Tuesday, the Nasdaq Composite index entered correction territory at the fastest speed in its history, plunging 10% over the previous