The Zacks Analyst Blog Highlights: CEVA, KB Home, WilliamsSonoma, Facebook and Alphabet
Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. The Dow Jones Industrial Average eased a touch, falling into negative territory in the final minutes of trading.
Global shares slipped off record highs on Friday as gloomy data reminded investors of the struggles facing the economic recovery, curbing a rally fuelled by hopes of U.S. stimulus by newly inaugurated President Joe Biden. Sentiment in Europe was already more cautious after Thursday's European Central Bank meeting, in which the bank's message was perceived as more hawkish than expected. The yield on Italian 10-year benchmark bonds touched its highest since early November on reports that Prime Minister Giuseppe Conte may be tempted by the prospect of a snap election.