slumped for a third straight day Thursday on rising fears of a second wave of the virus, weighed by a sharp pullback among the reopening trades. From a technical perspective, the reversal was bound to happen as the rally in many names had gone too far, too fast.
Here are the 20 S&P 500 stocks looking the most frothy heading into the big sell-off Thursday, based on their distance above their 50-day moving average.
Pro ALL Need to know about coronavirus !!! coronaviruses are named after the Latin word 'corona', which means crown, because they ....... COVID19
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollarNew for subscribers: Bond king Jeffrey Gundlach on where the market is headed, makes big calls on gold, dollar Check out CNBCPro for a free trial. Pro I love ppl who buy physical gold it’s a great moron indicator Pro Once the deficit spending spree runs its course its gonna crash hard Pro Gundlach went heavy short at SPX 2860
Source: CNBC - 🏆 12. / 72 Read more »
Oil drops more than 6% as fears over second wave of coronavirus cases hit the marketOil prices dropped more than 7% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets. No fears last week during protests About goddamn time come on guys stop panicking
Source: CNBC - 🏆 12. / 72 Read more »