Stocks fall sharply Friday morning as the mid-week recovery falls short

The major American stock market indices are down sharply this morning at the open, with stocks falling after a multi-day rally helped shave some losses off their calendar-year results. So far, 2020 has proven to be a toxic year for publicly traded equity, as a decade-long bull market collided with a global pandemic and stark…

Stocks fall sharply Friday morning as the mid-week recovery falls short

The major American stock market indices are down sharply this morning at the open, with stocks falling after a multi-day rally helped shave some losses off their calendar-year results. So far, 2020 has proven to be a toxic year for publicly traded equity, as a decade-long bull market collided with a global pandemic and stark economic slowdown around the world.
This week it became known that around 3.3 million Americans filed for unemployment benefits this week, a record-setting figure that dwarfs tallies set in during the 2008-era economic meltdown. Shares rose in the wake of that news; today’s losses could point towards a less optimistic view of the layoffs, the global c
Read More From Publisher