SUBSCRIBERS

Upward momentum tough for bears to break

Stock market, in general, is in self-fulfilling cycle of speculation; technology sector's rise, in particular, is now reminiscent of dotcom era

Published Sun, Jun 4, 2017 · 09:50 PM

US stocks

NOTHING, it seems, can get the bulls down. Not President Donald Trump's abrupt pullout of the US from the Paris climate change accord. Not surprisingly soft jobs data on Friday. And not the uncertainty surrounding another critical European election.

The US economy added only 138,000 jobs in May, according to the Labor Department. While the unemployment rate ticked down to 4.3 per cent, the lowest l…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes