Wall Street's main indexes edged lower on Thursday as soaring coronavirus cases and an unexpected rise in weekly jobless claims raised fears of stalling growth in the world's largest economy. "Stimulus will be the key," said Joe Saluzzi, co-manager of trading at Themis Trading in New Jersey. Value stocks, which include banks and industrials, slipped 0.5% as investors preferred the relative safety of growth-linked sectors such as technology. L Brands Inc surged 13.1% after posting better-than-expected quarterly results, helped by record sales growth at Bath & Body Works and higher demand for Victoria's Secret lingerie. The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 20 new highs and three new lows.

Source: Mint November 19, 2020 15:56 UTC