The National Bureau of Economic Research has determined that the. That month saw large parts of China main trading partner under strict lockdowns to slow the spread of the coronavirus pandemic, and large parts of the United States saw similar restrictions enacted in March. The pandemic-induced recession snapped the longest economic expansion in U.S. history.
The S&P information technology sector was down 0.7% and was the worst performing major sector. The FANG names were mostly lower, with the worst of the group, Netflix, down 2%. Amazon, up nearly a percent, was the only FANG name trading higher.
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