Local shares tipped to slip: Virus concerns persist
06 Jul 2020 – The local sharemarket looks set to start the new week lower following weak leads from European markets. Wall Street was closed for the Independence day holiday on Friday but finished a shortened week strongly on Thursday with stocks rising after than a better-than-expected jobs report. Thursday’s gains led to strong weekly performances for the major averages. The Dow rose 3.3 per cent last week and the S&P 500 climbed 4 per cent. Both the Dow and S&P 500 notched their biggest weekly gains since June 5.
Source: Finance News Network