The S&P 500 and the Dow posted marginal losses for the week, while the tech-laden Nasdaq settled a bit higher from last Friday's close. — Reuters pic
The S&P 500 and the Dow posted marginal losses for the week, while the tech-laden Nasdaq settled a bit higher from last Friday’s close. Investors mostly sat pat on positions after recognising that a wind-down of US Federal Reserve pandemic lending programmes was unlikely to have much effect, said David Bahnsen, chief investment officer, the Bahnsen Group, a wealth management firm in Newport Beach, California.
Investors remain worried about the economic cost of rising infections and new lockdowns and restrictions, which grew yesterday. White House Coronavirus Task Force coordinator Deborah Birx yesterday said more than half the United States was a virus-rampant “red zone,” and Americans should limit gatherings on Thanksgiving Day to immediate family members.