MARKET USA / Wall Street ahead of corona trading resurgence

Wall Street faces a mixed start to trading on Friday. While technology stocks are showing signs of premium, the broad market is likely to open with losses. In view of the new corona restrictions in many parts of the world, traders are talking about a resurgence of the corona trade, in which technology stocks are particularly in demand. However, in view of the exploding new infections and the measures decided in the USA and Europe, dealers (still) remain calm. “It feels like complete lockdowns and closings are the last resort and we may not have to think about closing the world anymore. There will be certain measures, but that won’t change the overall outlook for the corporate sector,” says fund manager Georgina Taylor by Invesco.

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(END) Dow Jones Newswires

November 19, 2021 06:34 ET (11:34 GMT)

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