Company / Analytics

Analytics, 12 June 2020

Week 24 in Brief

How did the major indexes perform?

All three US indices finished the week up with volatility down following Thursdays’ market sell-off. Stocks suffered their sharpest daily decline in three months on Thursday, as grim economic forecasts and a worrisome uptick in new coronavirus cases rattled investors’ confidence. The market had been recovering and by Monday, the S&P 500 had climbed about 45% from its lows in late March and recouped all of its losses for the year. But this changed this week when the Fed provided a ‘sober’ economic assessment.

European stocks rallied despite investor fears of a second coronavirus wave in the US and a record contraction in the UK economy.

Asian shares were moderately lower Friday compared to the US partly because markets in the region have not seen massive gains in recent weeks.



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