Stocks Open Slightly Higher As Investors Grapple With Coronavirus Data

The stock market looks set for another volatile day of trading after opening slightly higher on Wednesday, as Wall Street continues to digest new data about the coronavirus pandemic and whether the number of new cases is slowing.

At Wednesday’s open, the Dow Jones industrial average gained 1.1%, around 250 points, while the S&P 500 rose 1.1% and the Nasdaq Composite was up 1.2%.As of Wednesday, the U.S. now has nearly 400,000 confirmed cases of coronavirus, according to Johns Hopkins University data. Global cases have topped 1.4 million.

Some Wall Street investors are increasingly optimistic that the economy can eventually recover, pointing to a decline in the number of daily new cases since last week.against undue optimism, since the coronavirus will continue to have a negative impact—especially on upcoming first quarter earnings—for the foreseeable future.

“We are still in the early innings of downward EPS revisions,” Lori Calvasina, head of U.S. equities for RBC Capital Markets, wrote in a recent note. “Further downward revisions could keep equity market conditions choppy,” she cautions.Oil prices, which have been hit by an ongoing price war, also moved slightly higher on Wednesday, rising over 2% the day before OPEC+ is set to hold a virtual meeting to discuss potential production cuts.

CONGRESS NEEDS MORE THAN SUBPOENA POWER PRIOR TO DISBURSING OR APPROVING MORE MONEY!

Investors are not grappling!! Stupid folks are buying airline and cruise ship stocks, effectively giving smart people their last pennies too!!! Lots of idiots still believe economy will come back quickly

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks rally at the openUS stocks rallied at Monday's open following some encouraging data that showed a slowdown in coronavirus infections in multiple countries. Follow live updates: Way too optimistic. Heads in the sand wont help. USA is crumbling.
La source: cnnbrk - 🏆 393. / 55 Lire la suite »

Stocks Rally, Oil Drops at Start of Challenging WeekThe Dow and S&P 500 rose as investors looked to early signals that lockdowns in the U.S. and Europe were helping slow the spread of the coronavirus pandemic. Deplorables are rebooting the country. BreakingNews :-MahmoudJibril, the former head of the Libyan has died from the coronavirus TRUMP Y U.E ES EVIDENTE LA 'ENVIDIA'QUE LES PROVOCA LA 'REVOLUCIÓN BOLIVARIANA'(MADURO) 3 MILLONES DE VIVIENDAS PARA EL 'PUEBLO POBRE' 'PENSIÓN' A LOS VIEJOS DE 60 AÑOS,'SALUD' Y 'EDUCACIÓN' GRATUITAS,POR INSTRUCCIONES DE CHAVEZ ,
La source: WSJ - 🏆 98. / 63 Lire la suite »

Analysts continue to upgrade stocks like Tesla and eBay on hopes the rebound is for realNew for subscribers: Analysts continue to upgrade stocks like Tesla and eBay on hopes the rebound is for real Check out CNBCPro and get your first 30 days free.
La source: CNBC - 🏆 12. / 72 Lire la suite »

The bullish case for stocks with major averages already up more than 20% from the lowsStocks powered higher Monday, amid a glimmer of hope that coronavirus cases may be getting close to peaking. Wuhan traffic is bullish /s Want daily feee intraday call following me Yesterday virus news .. like pearl harbor and 9/11 is going hit us this coming weeks.. Today Market up a 1g due to good virus news..
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks Soar, Dow Up 1,600 Points As U.S. Coronavirus Cases Appear To Slow Down“Everyone is just desperate for good pieces of news,” said one market strategist. “It doesn’t necessarily reflect anything fundamental. Nothing’s changed.” It’s time to go back to work trump is directly responsible for each death in America that is coronvirus-19 related. he should be charged with murder.
La source: Forbes - 🏆 394. / 53 Lire la suite »