Shares of Wells Fargo, on the other hand, dropped more than 6% after the bank reported a
—its first quarterly loss since the 2008 financial crisis—and slashed its dividend to 10 cents per share.higher for much of last week, declined again on Tuesday: Facebook, Amazon, Netflix, Microsoft and Google-parent Alphabet all saw their shares move lower. The stock market continues to largely hold steady despite a backdrop of surging coronavirus infections across the country: The U.S. reported record numbers of daily new cases last week, with many states now rolling back reopening plans.
California is ordering some indoor businesses like restaurants and bars to re-close statewide as new cases continue to spike, while Florida on Sunday saw a“Given the nonstop rally of late in the Nasdaq and earnings season on the horizon,” the latest reversal in stocks “should at least serve as a reality check that the market isn’t a one-way street,” Bespoke Investment Group said in a recent note.
I wish we would get some selloff, I feel like I have wanted to add to stocks for a month straight and the market is up week after week. Hard to ever add when its always up.
America has been good to me - to that I’m grateful! USAbeengoodtome How has the USA good to you?
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »