Stocks down as Fauci warns against hasty reopening of economy | The Malaysian Insight

US infectious disease expert Dr Anthony Fauci’s message of caution is at odds with the president’s push for rapid steps to rekindle the devastated economy. – EPA pic, May 13, 2020.

WALL Street stocks retreated yesterday, with the Nasdaq ending a six-day streak of gains, as a top government scientist warned against ending Covid-19 shutdowns and reopening the economy too quickly. Analysts said congressional testimony from US infectious disease expert Dr Anthony Fauci is likely a factor in the pullback, but also cited profit-taking as a possible reason, as well as escalating tensions between the US and China that could lead to a revival of their trade war.

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