Renewed US-China tensions keep investors on edge
Compromise on US stimulus bill, improved Covid-19 data among factors that may soothe nerves
US STOCKS retreated slightly last week, as a historic rally showed signs of cracking under the weight of unemployment data and tensions over US-China relations.
The S&P500 tested new record levels before the first increase in new jobless claims since March and a diplomatic clash between the world's two largest economies stalled the rally.
This week, wobbles are likely to continue unless the US Congress can reach a compromise on a stimulus bill, tech earnings surpass expectations or if Covid-19 statistics improve.
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