New York City (Reuters) – The S&P 500 zig-zagged on both sides of unchanged on Friday as investors weighed fret about Sino-U.S. trade relations and weaker-than-expected retail sales information versus optimism over the reopening of the U.S. economy after coronavirus lockdowns.
SUBMIT PICTURE: The New York Stock Exchange (NYSE) is seen in the monetary district of lower Manhattan throughout the outbreak of the coronavirus illness (COVID-19) in New York City, U.S., April 26,2020 REUTERS/Jeenah Moon
Financial data painted a grim image as U.S. retail sales and making output revealed record declines in April as the infection’ results were felt in the 2nd quarter.
President Donald Trump said on Friday the U.S. government would buy all the top coronavirus vaccine prospects and said a list had actually been narrowed to 14 promising possibilities with a plan to narrow further.
Previously in the day, the S&P 500 fell as much as 1.3%as Trump relocated to obstruct semiconductor shipments to China’s Huawei Tec