NEW YORK - The Nasdaq's six-day winning streak ended on Tuesday as US stocks pulled back after a top government scientist warned against ending the coronavirus shutdowns and reopening the economy too quickly.The broad-based S&P 500 fell 2.1 per cent to 2,870.12, and, after rising over the last six days, the tech-rich Nasdaq Composite Index shed 2.1 per cent to end at 9,002.55.
Maris Ogg of Tower Bridge Advisors cited"buyer exhaustion" as well as concerns about high equity valuations as drags on the market. "There is a real risk that you will trigger an outbreak that you may not be able to control," Fauci said, warning that would not only cost lives,"but could even set you back on the road to trying to get economic recovery."
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