Market Watch

Covid-19 flare-up in Europe casts pall over markets

Markets could remain choppy in the coming months. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

SINGAPORE - It was a mixed week for markets with tech shares rallying on the back of positive earnings and an appetite for growth stocks, while the broader market appeared somewhat nervous amid a seeming resurgence of Covid-19 on several fronts.

In New York, the big board's Dow Jones index gave up 1.38 per cent, or 498.33 points, for the week to close last Friday at 35,601.98 points. The S&P 500, which is more representative of the broader market, was flattish, closing just 0.32 per cent, or 15.11 points, higher at 4,697.96.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.