“While significant gains in tech stocks kept the market afloat yesterday, even these market darlings capitulated during the afternoon hours today,” Jim Paulsen, chief strategist at CNBC, told CNBC. investments in the Leuthold Group.
According to Johns Hopkins University, more than 2.93 million cases of coronavirus have been confirmed in the United States with at least 130,306 deaths, according to Johns Hopkins University.
“Concerns about the increase in the number of Covid cases in the United States have continued to shake confidence in the reopening of efforts regarding the country,” added Paulsen.
Sentiment was heightened when the US government awarded drug maker Novavax a $ 1.6 billion contract to develop a coronavirus vaccine, the largest amount ever awarded in Operation Warp Speed Of the White House.
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