An early market rally gets wiped out, leaving stocks mixed
New York – The stock market ended another turbulent day more or less where it started after an early rally got washed away.
The S&P 500 ended with a tiny loss Thursday, having given up an early gain of 1.6%.
The market’s latest bumpy ride shows how fragile hope among investors is that global economies will be able to withstand the carnage being inflicted by the coronavirus.
The market stumbled following news reports with discouraging data about a clinical trial for a potential treatment of COVID-19. Energy stocks held on to their gains following another jump in the price of crude, which crashed earlier this week.