Overnight, Wall Street's benchmark S&P 500 index gained 1%, recovering some of its loss from the previous day's 2.6% fall after American unemployment data were better than expected. The future for the S&P fell 1.2% after trading hours, denting expectations about how long that run might last.U.S. markets were roiled by a spate of trading by small investors of video game vendor GameStop that hurt hedge funds that bet the stock would fall.
In early trading, the FTSE 100 in London fell 1% to 6,457.27 while Frankfurt's DAX lost 1.1% to 13,510.71. The CAC 40 in Paris tumbled 1.3% to 5,441.20.That "raised doubts" among investors "about the longevity of the main session rally," said Jeffrey Halley of Oanda in a report. After trading closed, the Hong Kong government announced preliminary estimates showed the territory's economy contracted by 6.1% in 2020. It said output fell 3% in the final quarter compared with a year earlier.
The communist Biden is a reason, not a fake virus.
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