American Stocks Shrug Off Coronavirus Storm: ‘We’re Obviously In a Bull Market’

American Stocks Shrug Off Coronavirus Storm: ‘We’re Obviously In a Bull Market’
Traders and financial professionals work on the floor of the New York Stock Exchange in New York on Jan. 4, 2019. Drew Angerer/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Wall Street braved headwinds from the coronavirus scare and weaker factory numbers last week, and while major indices ended up dented, a few hit record highs, suggesting American equities still have steam.

The S&P 500 and the Nasdaq both hit new bull market highs on Wednesday, but on Friday the former finished the week over 1 percent in the red, while the latter suffered its biggest drawdown in some three weeks.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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