Despite losses seen in recent days, the stock market in the U.S. saw its best August in decades. Wall Street practically erased the losses suffered when the economy shut down in March. For more, we turn to CGTN’s John Terrett in New York.
To Discuss:
- Ryan Patel is a global business executive
- Joe Minarik is Senior Vice President and Director of Research at the Committee for Economic Development
- William Cohan is an author of books on Wall Street and a former investment banker
- Mei Zhang is founder and CEO of the travel agency WildChina
For More:
Stocks fell again, with the S&P 500 down 2.8% as the meltdown in big technology shares continued for a third day.https://t.co/hQyFXYcKeZ
— The New York Times (@nytimes) September 8, 2020
It was another rough day on Wall Street, as the tech-heavy Nasdaq Composite tumbled once again and fell into correction territory — defined as a 10% drop from its most recent peak. The stock index closed down 4.1% for the day. https://t.co/8BmqVXg8ZP
— CNN (@CNN) September 8, 2020