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Happy Friday, everyone. Can stocks stage a comeback to avert another down week? It’s not looking promising.
Asia is higher, Europe is mixed and Nasdaq futures are off their lows. That’s good news, particularly for tech bulls, as the Nasdaq flirts with a new correction and some FAAMG stocks even threaten to fall into bear territory.
Let’s check in on the action.
- The major indexes are solidly in the green with Shanghai leading the way, up 2%.
- President Trump has yet to give the green-light (nor has Beijing, for that matter) to the Oracle–TikTok tie-up, but there’s already talk of an IPO as early as next year.
- Coronavirus hit a grim toll in the past day, topping 30