Big Tech stocks close out a 'nightmare' September

The fourth quarter of 2020 will likely be choppy, Ives said, due to the U.S. election, a potential Covid-19 vaccine or surge in infections and how companies' third quarter earnings go.

"There's still opportunity for a rally, but a lot of it's going to hinge on [third-quarter] numbers," Ives added. Still, he said he's optimistic that "the fundamental drivers are going to be much stronger than the Street is anticipating." September's drop is also not an immediate cause for concern. Krosby said she views the decline as proof the market is working as it should.

"You need to have a sense that the market is working, that the mechanics of the market is working," Krosby said. "There's something about a market that keeps going up. The reaction is, 'is this 1999 all over again?' because it conjures up a period of a fantasy that ended very badly." "Again, it's healthy to see the market come down and burn off the frost. And it's a process," she added.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Martin Sorrell says U.S.-China 'cold war' is bogging down business, dismisses Big Tech break-upS4 CEO Martin Sorrell says the bifurcation of U.S. and China relations around technology concerns is hindering global business. He also trashes former employer WPP's efforts around simplification as 'the hobgoblin of small minds.' Pro Does Martin Sorrell support the Chinese concentration camps and organ harvesting? Pro another commie lover!!!!!!!! lining his pockets with dirty RED CHINA $$$$$ like Bidens!!!!!!
Source: CNBC - 🏆 12. / 72 Read more »