Wall Street retreated on Friday as weak earnings sparked a pre-weekend selloff that was also fed by surging coronavirus cases and geopolitical uncertainties.
FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
“Investors have made so much money in these tech stocks in the last few weeks, the moment they see any sign of weakness they’re taking profits,” said Oliver Pursche, president of Bronson Meadows Capital Management in Fairfield Connecticut.
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.
Wall Street closes sharply lower on tech selloffWall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession.
Read more »
In India, Modi Makes His Pitch To Big Business, Wall StreetIndia's Prime Minister makes his investment pitch, but are companies and investors buying?
Read more »
How to use cold emailing to land a job or internship on Wall Street - 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.
Read more »
The Wall Street Journal Editorial Page Has a Persecution ComplexThe Wall Street Journal published an editorial insisting, “These pages won’t wilt under cancel-culture pressure.” jonathanchait writes that it's another in a long line of Journal editorial page persecution fantasies
Read more »
Wall Street see-saws as investors weigh mixed earnings, stimulus prospectsU.S. stock indexes traded mixed and in a narrow range on Wednesday as investors digested mixed quarterly results, stimulus negotiations in Washington and simmering U.S.-China tensions.
Read more »
Wall Street ends choppy session higher on mixed earnings, U.S. stimulus debateWall Street ended higher on Wednesday after a see-saw session as investors digested mixed quarterly results and contentious stimulus negotiations in Washington.
Read more »