SPY
UK seeing second COVID wave; stocks extend losses to lows
- The UK is seeing a second wave of COVID-19 infections coming in, Prime
Minister Boris Johnson says.
- The U.S. stock market took a hit once the headlines arrived, with the
major averages falling to their lows of the session.
- The S&P (NYSEARCA:SPY) is down 1.4% and the Nasdaq (NASDAQ:QQQ) is
falling
2%.
- Only the Financials (NYSEARCA:XLF) are holding onto small gains.
- Losses in Technology (NYSEARCA:XLK) accelerated, with Apple, AMD and
Nvidia all down more than 3%.
- Johnson says it was "inevitable" the country would see a second wave
and that the government is looking very closely as the spread over the
last
few days.
- He did not rule out another national lockdown, but said he does not
want to go into that "at all".
- GBP/USD is off 0.2%.
- Dear readers: We recognize that politics often intersects with the
financial news of the day, so we invite you to click here to join the
separate
political discussion.
|Today, 1:30 PM|26 Comments
UK seeing second COVID wave; stocks extend losses to lows
- The UK is seeing a second wave of COVID-19 infections coming in, Prime
Minister Boris Johnson says.
- The U.S. stock market took a hit once the headlines arrived, with the
major averages falling to their lows of the session.
- The S&P (NYSEARCA:SPY) is down 1.4% and the Nasdaq (NASDAQ:QQQ) is
falling
2%.
- Only the Financials (NYSEARCA:XLF) are holding onto small gains.
- Losses in Technology (NYSEARCA:XLK) accelerated, with Apple, AMD and
Nvidia all down more than 3%.
- Johnson says it was "inevitable" the country would see a second wave
and that the government is looking very closely as the spread over the
last
few days.
- He did not rule out another national lockdown, but said he does not
want to go into that "at all".
- GBP/USD is off 0.2%.
- Dear readers: We recognize that politics often intersects with the
financial news of the day, so we invite you to click here to join the
separate
political discussion.
|Today, 1:30 PM|26 Comments
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