FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas JacksonNEW YORK: economy can emerge from its coronavirus-fueled slowdown.
"People are believing that at some point in the third quarter we are going to get back to some semblance of what life was prior to all of this," said Steve DeSanctis, equity strategist at Jefferies in New York. Nearly one-third of companies in the Russell 2000 are unprofitable, and the number is likely to increase as they use cash to stay in business as the economy struggles to regain its footing, according to the Wells Fargo Investment Institute.
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