Stocks Reverse Losses For The Year; Roku, Movie Theaters Lead Friday Rally

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The Dow reversed its losses for the year and the Nasdaq and S&P 500 hit records at close as investors saw a possible tempering of COVID-19 spread and liked a policy speech by the Federal Reserv…

led, hitting a new all-time high and closing up more than 7% after a survey by Deutsche Bank found the company in the lead in the connected TV market. Deutche Bank analyst Jeffrey Rand said in a note that the survey showed 43% of connected TV respondents said they had a Roku device versus 35% a Fire TV by rival Amazon.

Exhibitors, a highly volatile group, were also strong with Cinemark, National CineMedia and Marcus closing up, respectively, over 7%, 6% and 4%. AMC Entertainment gained 0.91%. As theaters reopen this month, Mooky Greidinger, CEO of Regal Cinemas parent Cineworld Group, told CNBC the giant circuit is seeing lots of sold out shows, in accordance with social distancing guidelines. And California Governor Gavin Newsom announced new metrics that allowOn Thursday, Fed chair Jerome Powell said the Central Bank’s new policy will allow inflation too hover above its historic 2% target at times in order to spur growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Walmart, Microsoft, Abbott Labs, Peloton, JPMorgan & moreTake a look at the stocks making headlines in midday trading. Now they’re flopping and dropping!
Source: CNBC - 🏆 12. / 72 Read more »

Chegg and two other online-learning stocks may be the best ways to play educational shiftSchool closings and partial reopenings are boosting the online learning trade, and two traders have their sights set on several stocks in the space. TradingNation Add $ZVO to the list LearnForbes ZovioSolutions TutorMe_HQ fullstack TradingNation Chegg needs to step up in the customer service department if it plans to stay afloat.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves in the premarket: Tiffany, Abercrombie & Fitch, Abbott Labs & moreThe stocks making the biggest moves in premarket trading include Tiffany, Abercrombie & Fitch, Abbott Labs, and more. Precum You going to mislead the public again like the Dicks stock story
Source: CNBC - 🏆 12. / 72 Read more »

European stocks fall ahead of Powell speech as banks slideA cautious mood prevailed in European equity markets on Thursday as investors looked ahead to the U.S. Federal Reserve Chairman Jerome Powell's outlook on monetary policy. Eventually, all the US currency being generated out of thin air to make up for loss of revenue from corporate tax cuts and now the pandemic, is going to collapse the economy. The inflation will be violent.
Source: Reuters - 🏆 2. / 97 Read more »

Asian stocks may be choppy despite U.S. Fed inflation shift, COVID outlookAsian equities are likely to have a bumpy ride on Friday after U.S. stocks scaled new peaks for a third straight day and bond yields surged on the Federal Reserve's average-inflation strategy, as well as a promising development in curbing the coronavirus pandemic. E SE JESUS FOSSE POBRE, NEGRO E CARECA , E TODA VEZ QUE ELE SAÍSSE DE CASA FOSSE CHAMADO DE LADRÃO PELOS POLICIAIS NO POSTO 8 DA BARRA OU PELOS RICOS DA ZONA ZUL DO RJ? E POR QUE DEUS FARIA JESUS NEGRO E NÃO LOIRÃO DOS OLHOS AZUÍS ? POR QUÊ ? POR QUÊ ? POR QUÊ ? The money printing machines keep humming 24by7. Who cares inflation but Biden and the Dems. Republicans and trump just enjoy the lux while it's humming, because they are crooks.
Source: Reuters - 🏆 2. / 97 Read more »

European stocks slide as heavyweight tech, healthcare dragEuropean stocks slipped on Friday as investors dumped recent winners including technology and healthcare stocks and bid up banking shares after the U.S. Federal Reserve unveiled its new policy framework.
Source: Reuters - 🏆 2. / 97 Read more »