News Formal

US stocks end mostly lower on valuation worries

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

NEW YORK: The Dow and S&P 500 both fell on Wednesday (Jun 17) as markets monitored increased coronavirus cases amid worries US stocks are overvalued.

Advertisement

The lackluster session came after Tuesday's rally in which major indices gained around two percent following surprisingly good retail sales data and a positive clinical study of a coronavirus treatment. The"market has made a big run in a short amount of time in the face of a really tough economic climate," O'Hare said."The market is due for a cooling-off period."O'Hare said a catalyst for late selling was an interview with investor Jeremy Grantham who warned on CNBC that the US is forming a stock bubble.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

New York area business activity shows signs of improvement in JuneBusiness conditions in the New York region began to show signs of improvement in June, and companies have started bringing their staff back to ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »