Troubles might come in three … or more months
Misfortunes don’t come singly, so the idiom goes, and markets are being whiplashed by a whole slew of negatives, that could see this month turn again into the nightmare that was January.
For now, stocks are attempting to claw their way higher, after a profits-beat by Amazon lifted its shares 17% after-hours, following a 7% decline during Thursday’s trading session.
Some other tech peers saw similar gyrations, with buoyant earnings boosting Snap shares 50% after close of trade.
Asia choses to take its cue from Wall Street’s after-hours upswing, rather than the earlier 3.7% Nasdaq drop, European markets are opening higher and U.S. indexes are tipped to open with gains on Friday.
But will it last?
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