Business Maverick: U.S. Stocks Resume Selloff With Tech Battered Anew: Markets Wrap

The S&P 500 dropped as much as 2%. Volatility has been even more prevalent in the Nasdaq 100, where close-to-close runs have been at least 1% for seven sessions. Energy companies, a small cohort in major averages, plunged as crude dropped back toward $37 a barrel in New York.

Volatility continued to grip American financial markets after a rally that added $7 trillion to U.S. equity values over five months. Reasons for caution were plenty, though no single factor alone set the tone. Signs mounted that the pandemic continues to upend the global economy. In the U.S., data showed cracks in recent labor-market strength, while Europe re-emerged as a virus hot spot. Congress remained far apart on a fresh relief bill.

In Europe, the pound fell amid renewed Brexit tensions. The euro jumped 0.7% the region’s central bank was said to agree that there’s no reason to overreact to the currency’s strength. BP Plc slipped after making its first venture into offshore wind power with a $1.1 billion purchase of U.S. assets from Norway’s Equinor ASA.ECB Keeps Its Crisis Support Steady With Recovery Still Fragile

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Maverick: Super Rich Get Richer on Ant After Striking Early Deals With Jack MaJack Ma’s Ant Group is creating a new group of super-wealthy people in China while also giving a boost to some older fortunes globally.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: Elon Musk Loses Record $16.3 Billion With Wild Wealth SwingsElon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: Apple Design Teams Develop Special Face Masks for EmployeesApple Inc. has developed two types of masks that the company is beginning to distribute to corporate and retail employees to limit the spread of Covid-19.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: South Africa Readying Economic Reboot Plan, Ramaphosa SaysSouth African President Cyril Ramaphosa said consensus is emerging on a plan to revive an economy mired in the worst recession since 1992.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: SA’s Coronavirus Own GoalBlunders with Paul Theron from Vestact (expletive warning!)
Fuente: dailymaverick - 🏆 3. / 84 Leer más »