US stocks end volatile session higher but down for the week

NEW YORK: Wall Street stocks finished higher on Friday following a topsy-turvy session as investors weighed rising coronavirus cases in some states and concerns about excessive equity valuations.AdvertisementThe broad-based S&P 500 gained 1.3 per cent to 3,041.31, while the tech-rich Nasdaq Composite Index advanced 1.0 per cent to 9,588.81.

Investors have been jolted by data showing increased coronavirus cases in several states that reopened, including isolated instances where hospital capacity has grown scarce. Art Hogan, chief market strategist at National Securities, said the trend in coronavirus cases added to worries about excess stock valuations and still-weak economic data.

"Going from phase two to phase three is going to take longer if we're seeing an increase in cases," he said.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks open down more than 2% after Wall Street rout[TOKYO] Tokyo stocks opened down more than two per cent following a plunge in US shares on revived worries about the coronavirus and concerns about overheating equity prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »