Stocks could fall a further 7% after last week’s correction. But here’s why Morgan Stanley says that’s ‘healthy’
It looks set to be another damaging Monday for U.S. stocks. The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and the Dow Jones Industrial Average DJIA, -1.29% was 450 points lower, or 1.75%, in early trading.
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