Business
Wall Street slides lower on grim jobs report – Sydney Morning Herald
Mounting US layoffs in the wake of new mandated lockdowns to contain surging COVID-19 infections dampened investor risk appetite.
“It’s a growth day, flipping back the other way away from value,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “It’s this ongoing struggle between the virus and the vaccine.”
“There’s a reality setting in that while the vaccine will start being distributed fairly quickly, the virus isn’t go away quickly and therefore the timeline for economic improvement is getting pushed out.”
A wide range of data released in advance of Thursday’s Thanksgiving holiday was dominated…
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