, when all three major indexes gained and the S&P 500 ended the week 27% above its recent low on March 23. Stocks rose on hopes that the US economy would soon start to reopen after sweeping lockdowns to curb the spread of COVID-19.
But that stood in stark contrast to a number of negative economic indicators released last week showing the severe damages from the virus to the US economy. "Without a vaccine and proper treatment, life will not return to normal and spending behaviour will continue to adjust to this new reality," Hussein Sayed, chief market strategist at FXTM told Business Insider."Equity performance cannot diverge for a prolonged period of time from fundamentals, so if we do not see a true economic recovery in the coming months, expect another leg lower in stock markets.
Source: News Formal (newsformal.com)
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:
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.
Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage - Business InsiderOil has continued to tumble following OPEC's record-breaking production cut as the coronavirus outbreak craters demand. DomingoDeMercados jorgearturosaza CsarCasas jhontxu mvalenciamayor Palacios_Andres feraagra Esta Semana inicia con históricos!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
21 Best Flower & Plant Delivery Services For Mother's Day (And Quarantine Fights)If you can't say over Zoom, say it with flowers. Literally was looking for this a few mins ago! Thanks! ❤️
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »
Anthropologie's 50% Off Sale Is So Good, We Found 21 Stunning Picks Under $100If you're starting to grow tired of wearing the same old sweatpants every day, we feel you. Sometimes just switching it up with a new top or a fun skirt can
Source: POPSUGARFashion - 🏆 28. / 68 Read more »
Bob Odenkirk Says 21-Year-Old Son Had Coronavirus Symptoms 'Worse Than the Flu''The pain in his throat was the worst thing of all,' Bob Odenkirk said of his son's symptoms It’s not a flu!!!!! People need to realize that!!!
Source: people - 🏆 712. / 51 Read more »
Dow futures slump more than 200 points Sunday evening as investors weigh global lockdown easingsU.S. stock-index futures Sunday evening headed firmly lower, in thinly traded weekend action, as investors assessed the staggered plans for the reopening of... Omg By morning will be green Bull Trap coming ! Reality will be here soon!
Source: MarketWatch - 🏆 3. / 97 Read more »
'Bears are out for blood': Oil plunges 21% to a 2-decade low as coronavirus shatters demandWestern Texas Intermediate reaches a low of $14.30 a barrel, dropping to its lowest level since 1999 as coronavirus tanks demand for the commodi... Holy sh%t. OIL Secular Trendline Testing with Mega Contango...
Source: BusinessInsider - 🏆 729. / 51 Read more »