Wall Street retreated on Friday as weak earnings sparked a pre-weekend selloff that was also fed by surging coronavirus cases and geopolitical uncertainties.
FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
“Investors have made so much money in these tech stocks in the last few weeks, the moment they see any sign of weakness they’re taking profits,” said Oliver Pursche, president of Bronson Meadows Capital Management in Fairfield Connecticut.
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