NEW YORK: President-elect Joe Biden’s massive plan to help the US economy didn’t shake Wall Street’s downbeat sentiment on Friday (Saturday in Manila), with major indices losing ground in the last full trading week of Donald Trump’s presidency.
Markets opened to news that retail sales in December had slid farther than expected as consumers and businesses struggled under the weight of rising Covid-19 cases, while major banks unveiled mixed earnings reports while hoping Covid-19 vaccines would bring better days.
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