A trader works on the floor at the New York Stock Exchange February 9, 2018. — Reuters picNEW YORK, April 22 — Wall Street stocks dipped early today as questions about lofty equity valuations and rising Covid-19 cases in many countries offset better economic data.
Adding to that is “mounting skepticism surrounding the credibility of global economic growth projections” due to rising coronavirus cases in Europe and Asia, CFRA Reasearch analyst Sam Stovall said in a note.The broad-based S&P 500 shed 0.2 per cent to 4,164.67, while the tech-rich Nasdaq Composite Index lost 0.2 per cent at 13,921.54.
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