Wall Street volatility raises fears of another selloff [Yahoo! Finance News]
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Source: Yahoo! Finance News
A man crosses a nearly deserted Nassau street in front of the New York Stock Exchange NYSE) in the financial district of lower Manhattan in New YorkBy Noel Randewich) - The evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.Fueled by early signs of the outbreak plateauing in some U.S. hot spots, including New York State, the traded up as much as 3.5% during the session, only to lose ground sharply late in the day to finish down 0.16%. The index, however, remains up 19% from its March 23 low.Much of Wall Street's recent recovery has been thanks to a $2 trillion package aimed at stimulating the economy as much of the country hibernates to slow the spread of the coronavirus.Still, many investors remained skeptical that Wall Street's recent rise represents the start of a sustained recovery.The is still down more than
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