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The US stock markets have been experiencing a certain ruggedness in recent times owing to a multitude of reasons including a surge in Covid positive cases and more. Read more@ https://bit.ly/3mK6q4G
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Wild Fire at Wall Street: Capital Markets End on a Bear Sloth Monday was almost like mayhem for the capital markets. Wall Street witnessed a strong wildfire in recent times. Dow Jones, one of the major indices of the New York Stok Exchange (NYSE) swung between highs and lows before settling for a pretty tight bear hug (concluding incomplete red). Stock Price at the Beginning Interestingly markets opened on moderately higher stock prices, based on a stimulus deal that concluded before the ensuing general elections. Yet another factor that bolstered the bull ride in a blink at was resilient economic news from China. However, the bull ride lasted only for a brief period gradually paving the path for the bear to a sleepover. The Dow and its Activity The Dow slipped 411 points, dipping by 1.4%, after soaring up to 570 points. This was within a few hours of the opening bell, and of course, going up and down in between. On the other hand, the S&P 500 closed after dipping by 1.6% at the end of the day and the NASDAQ Composite ended at 1.7% —witnessing its fifth bear run for the fifth consecutive day.
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