Stocks down as Fauci warns against hasty reopening of economy | The Malaysian Insight

US infectious disease expert Dr Anthony Fauci’s message of caution is at odds with the president’s push for rapid steps to rekindle the devastated economy. – EPA pic, May 13, 2020.

WALL Street stocks retreated yesterday, with the Nasdaq ending a six-day streak of gains, as a top government scientist warned against ending Covid-19 shutdowns and reopening the economy too quickly. Analysts said congressional testimony from US infectious disease expert Dr Anthony Fauci is likely a factor in the pullback, but also cited profit-taking as a possible reason, as well as escalating tensions between the US and China that could lead to a revival of their trade war.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks down on fears over 2nd virus wave as lockdowns ease | The Malaysian InsightStocks down on fears over 2nd virus wave as lockdowns ease
Herkunft: msianinsight - 🏆 8. / 63 Weiterlesen »

Asian stocks down on fears over second wave as lockdowns easeHONG KONG: Fears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday (May 12), bringing a dose of hard reality to markets after weeks of rallies fuelled by the easing of lockdown measures and hopes for economic recovery.
Herkunft: staronline - 🏆 4. / 75 Weiterlesen »