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Saturday, November 23, 2024

Home Business Global stock markets pull back after record run

Global stock markets pull back after record run

by News desk
December 31, 2020
in Business

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New York

Profit-taking set in Tuesday on both sides of the Atlantic as stocks retreated after a run in record territory fueled by US stimulus and the Brexit deal.
Wall Street’s leading indices pushed further into previously uncharted highs during trading on Tuesday, but ended up closing lower. Investor sentiment had received a shot in the arm the day before after US President Donald Trump signed a $900 billion Covid-19 economic stimulus bill.—AFP