The market was down on Friday, after rising more than 20% earlier this week.
Crucial statistics:
The number of global cases of coronavirus has risen to more than 542,700, according to data from Johns Hopkins University. As of Friday, the U.S. now hasStocks are “taking a breather following three days of explosive gains” and “there’s no ‘reason’ for this pullback other than mild profit taking,” says Adam Crisafulli, founder of Vital Knowledge. “The biggest headline in the last 12 hours was probably the Fed’s weekly purchase update, showing its balance sheet has hit a fresh record of >$5T, demonstrating how aggressively the central bank is executing on its liquidity commitments.
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