These 2 High-Flying SPAC Stocks Ignored Friday's Falling Market
The stock market fell sharply on Friday, as a combination of coronavirus concerns and new regulatory pressure on the nation's largest banks weighed on investor sentiment. The Federal Reserve will prevent systemically important banking institutions from doing stock buybacks during the third quarter of 2020, and they'll have to keep dividends at or below their current levels. That added to the nervousness on Wall Street, and the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite all dropped sharply.
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Source Fool.com
