About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. — Reuters pic
About 20 minutes into trading, the benchmark Dow Jones Industrial Average was up 0.3 per cent at 28,775.71. Equities retreated the day before despite better-than-expected results from major banks Citigroup and JPMorgan, with analysts taking note of executives’ insistence that more stimulus is needed for the US economy.
“An uptick in coronavirus cases remains a market overhang, with the US reporting the highest number of hospitalisations related to the virus since early September,” Wells Fargo Advisors said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: