NEW YORK, June 25 — US stocks slipped today following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated level of weekly jobless claims number. Data showed about 1.48 million Americans signed up for unemployment benefits...
Thursday, 25 Jun 2020 10:46 PM MYTNEW YORK, June 25 — US stocks slipped today following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated level of weekly jobless claims number.
“Markets have been pricing in perfection over almost three months that reopening will begin to kick-start the economy off the lows,” said Michael Hans, chief investment officer at Clarfeld Citizens Private Wealth in Greater New York City Area. After coming within 5 per cent of its record high in early June, the benchmark S&P 500 has lost nearly 6 per cent in the past two weeks and analysts cautioned further declines amid worsening economic forecasts.
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