News Formal

Tech stocks lift Wall Street as worries over rising virus cases mount

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

The S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...

REUTERS: Technology stocks pushed Wall Street's main indexes higher on Monday but sentiment remained fragile as a spike in coronavirus cases in the United States and other major economies fueled fears of a setback to the nascent economic recovery.

"There is a risk to the market that we come a long way very quickly. The bulls have a lot to prove here in terms of further gains, in the absence of maybe continued phenomenally good news from retail sales and jobs market." U.S.-based meat processor Tyson Inc slipped 2.9per cent as China's customs authority suspended imports of poultry products from a plant owned by the company that had been hit by the coronavirus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

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

Wall Street flat as virus cases rise; tech stocks advanceThe S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »