News Formal

Stocks try to shake off second wave virus fears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic.

FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17, 2020. REUTERS/Issei Katoalso eked out gains of 0.1%, similarly recovering from early losses.

Highlighting economic challenges from the impact of social restrictions to contain the pandemic, Apple Inc said on Friday it would temporarily shut 11 U.S. stores as coronavirus cases rise in some states, triggering selling in stocks.Graphic: COVID-19 in the United States,“The second wave is becoming a theme for markets. The increase in states such as Florida and South Carolina is big enough to be labelled as second wave,” said Yoshinori Shigemi, global strategist at JPMorgan Asset Management.

“The market has been pricing in a rapid recovery so I doubt there are much upside gains to be made. We now need to see whether the earnings outlook will meet up with expectations,” said Takuya Hozumi, investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

 

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

This is still the first wave... smh

You got an official end date for the first wave?

“Only Thing We Have to Fear Is “Market Crashes” Itself”...📉⬇️🤯😱😭

Read my blog analysing factors contributing to current market rally and the factors which would impact its movement in coming times:

There is a lot of pain ahead.

It won't work

Crash!

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:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoilWe used TipRanks analyst ranking service to identify Wall Street's best-performing analysts. So the secret one hidden in here near the end is $ABBV ? Pump and Dump.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street Week Ahead: London index reshuffle to give healthcare stocks a bigger profileThe U.S. healthcare sector looks set for a bulked up profile in growth indexes when FTSE Russell reconstitutes its stock indexes late next Friday, an annual event that historically creates one of the biggest trading volume days of the year.
Source: Reuters - 🏆 2. / 97 Read more »

Janus Henderson's Denny Fish highlights 10 up-and-coming tech stocks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asia stocks set to trade lower as virus cases stateside surge again; China's loan prime rate aheadStocks in Asia were set to trade lower as the number of coronavirus cases stateside soared again. We’ll see. Shilling fear again I see Virus is a flu created by China and the fake paid news
Source: CNBC - 🏆 12. / 72 Read more »