outside Washington, where he remained on Saturday, came after trading ended on Friday.
Should uncertainty persist, technology and momentum stocks that have led this year's rally may be particularly vulnerable to a selloff, some investors said. The tech-heavy Nasdaq fell more than 2 per cent on Friday, double the S&P 500's decline. The concentration of investors in big tech stocks has also raised concerns over their outsized sway on moves in the broader market.
Fresh stimulus could speed economic healing from the impact of the pandemic, which has put millions of Americans out of work, and benefit economically-sensitive companies whose stock performance has lagged this year, investors said. The S&P 500 sectors representing industrials and financials, two groups that are more sensitive to a broad economic recovery, rallied 1.1 per cent and 0.7 per cent, respectively, while the broader index declined.
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Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »