, which were hammered last year during lockdowns but have climbed recently on the reopening hopes, fell more than 4%.
Some of the recent optimism about the leisure industry has waned as the reopening might take a bit longer than initially thought, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "We're not out of the woods yet when it comes to the COVID virus and getting to where global economies are reopening," he said. "Some of that enthusiasm has diminished."
A leading epidemiologist at the World Health Organization said on Monday the latest rise in COVID-19 infections worldwide reflected increases among all age groups. Wall Street scaled record highs last week as investors bet on stocks such as industrials and miners that are seen as benefiting from the economic rebound, while highly valued technology stocks regained favor after a retreat in bond yields.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks close lower on Wall Street, led by tech and banksStocks fell for the second straight day Tuesday, giving up more of their recent gains as Wall Street shifts its focus on a busy week of corporate earnings reports.
Source: latimes - 🏆 11. / 82 Read more »
Stocks end higher on Wall Street after a day of steady gainsTechnology companies and banks helped lift stocks on Wall Street broadly higher Wednesday, enabling the market to claw back some of its losses after a downbeat start to the week. Keep it up! 👍
Source: latimes - 🏆 11. / 82 Read more »
These stocks are Wall Street analysts’ favorites – and they’re on discount as the market fallsNew for subscribers: What to buy amid the market drop. These are the favorite stocks of Wall Street analysts. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
How meme stocks like Gamestop and AMC changed Wall StreetThe GameStop frenzy in late January forced Wall Street to pay attention to retail investors like never before. Kr00ney TechCheck Where is the wolf of wall street now to serve that market? Kr00ney TechCheck I don't know ANYONE who sold $gme or $amc this week Who in their right mind isn't HODLing at least ONE🚀ticket? GME is $150 AMC is $10 A $160 HEDGE against someone with an INFINITE RISK potential, seems like a SAFE investment strategy to me GME YTD looks 🐻 Kr00ney TechCheck AMC! AMC! AMC! AMC! AMC! AMC! AMC! $AMC! 💎🙌
Source: CNBC - 🏆 12. / 72 Read more »
20 cybersecurity stocks Wall Street believes can rise up to 79% over the next yearThe ransomware attack on Colonial Pipeline Co. highlights an obvious area for growth in the technology sector. WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Hedge Funds are selling in preparation to StockMarket crash!
Source: MarketWatch - 🏆 3. / 97 Read more »