US stocks end mostly lower on valuation worries

📆 18/06/2020 02:01:00
📰 ChannelNewsAsia

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

NEW YORK: The Dow and S&P 500 both fell on Wednesday (Jun 17) as markets monitored increased coronavirus cases amid worries US stocks are overvalued.

The lackluster session came after Tuesday's rally in which major indices gained around two percent following surprisingly good retail sales data and a positive clinical study of a coronavirus treatment. The"market has made a big run in a short amount of time in the face of a really tough economic climate," O'Hare said."The market is due for a cooling-off period."O'Hare said a catalyst for late selling was an interview with investor Jeremy Grantham who warned on CNBC that the US is forming a stock bubble.

Scrivi un Commento

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

New York area business activity shows signs of improvement in JuneBusiness conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »