US stocks retreat from records amid Covid-19 gloom

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The bellwether Dow Jones Industrial Average fell 0.6 per cent.. Read more at straitstimes.com.

NEW YORK - US equities had another bumpy ride on Tuesday , pulling back from new records to close lower as the spike in coronavirus infections undermined tentative optimism about the economic recovery.

Wall Street has lurched up and down in recent weeks, with changing economic fortunes. The recent rally has been propelled by optimism over news of two successful coronavirus vaccines. "With the virus now spreading at a fast rate, the next few months may be very challenging," Powell said in a discussion.

The data indicate slowing growth in a sector that bounced back from the pandemic downturn faster than most others thanks to massive government assistance that kept consumers flush.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 8. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines