Stocks Pull Back, Weighing Vaccine Hopes Against Virus Fears
July 16, 2020
Stock markets pulled back on Thursday as investors, weighing hopes for a coronavirus vaccine against fears of new waves of infections, consolidated recent gains.
US and European markets were all weaker, but limiting their downside to about half a percent, with “spiking new COVID-19 cases appearing to continue to foster some uneasiness, along with escalating U.S. and China tensions”, said analysts at Charles Schwab.