Wall Street analysts and investment managers expect another rough week for U.S. ...
NEW YORK - Wall Street analysts and investment managers expect another rough week for U.S. markets, as coronavirus cases and deaths increase in major cities and lawmakers continue to battle over an economic aid package in Washington.
Over the weekend, several states expanded their restrictions on business operations or non-essential movement by citizens. Nearly one in four Americans is now being ordered to stay home, with bustling cities such as New York and Las Vegas all but shut down. Three major factors are how much aid the federal government will inject into the economy, how effective the aid package’s structure will be and how long it takes for the number of new cases to start declining in the United States - also known as “flattening the coronavirus curve.”
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