Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.
FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson
Many are keeping a close eye on the progress of U.S. states seeking to reopen their economies without fueling a fresh rise in coronavirus cases. Parts of New York, Virginia and Maryland moved toward lifting lockdowns on Friday, and Connecticut and Minnesota are set to ease restrictions in the coming week.
U.S. President Donald Trump has ratcheted up rhetoric on China, floating the possibility of cutting ties with the world’s second-largest economy. The White House on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, which could put pressure on a global economy already suffering its deepest contraction in decades.
The VIX on Monday touched its lowest level since late February before reversing course as expectations for market volatility grew later in the week.
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