Dow down 210 points early Monday; China relations, economic reopening weighed
Stocks traded lower Monday, with analysts tying weakness in part to jitters over a pickup in COVID-19 infections in some parts of the world and the U.S., after equities ended last week with back-to-back gains.
Equities have bounced back strongly after the S&P 500 dropped by roughly a third from a February record high through March 23. Friday’s close left the Dow 17.7% below its all-time finish, while the S&P 500 is 13.5% below its record close and the Nasdaq is 7% away from its record finish. Bulls also point to a ramp up in federal spending aimed at cushioning the economy. Even more so, investors have argued that efforts by the Federal Reserve to backstop lending and ensure market functioning have fueled the rebound.
“Until confidence returns to the real economy, the rally in risk assets will not be sustainable and investors will need to reconsider their positions at some point soon,” he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market live updates: Dow down 200, reopening jitters, Tudor Jones bets on bitcoin“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next.
Read more »
Hong Kong police arrest more than 200 as pro-democracy protests returnHong Kong authorities arrested more than 200 people during pro-democracy protests, media reported on Monday, after a sing-along demonstration at a shopping mall spilled out on to the streets of the Chinese-ruled city.
Read more »
After an officer was spat on, a UK resident made 200 face shields to protect policeResidents in the UK stepped up to help protect police on the frontlines of the coronavirus pandemic after an officer was spat on.
Read more »
Dow slides 250 points as economic-reopening concerns intensify - Business InsiderExperts fear premature reopenings could fuel a second wave of coronavirus cases and prolong the US's economic recovery.
Read more »
Dow falls nearly 250 points to start Monday trade as investors face effects of lockdown reopenings and U.S.-China tensionU.S. stock indexes fell to start Monday trade as investors contended with heightened rhetoric between the U.S. and China and signs of rising cases as...
Read more »
What to watch today: Dow set to drop following a strong weekStock futures dropped Monday after the Dow logged back-to-back gains and the Nasdaq advanced every day last week.
Read more »