U.S. equities rose on Monday, clawing back from last week's losses. A possible reopening of parts of the economy boosted investor sentiment. However, oil continued to fall on growing concerns that storage will soon reach capacity. Here's what happened.positive day in 4This year: S&P 500 is down 10.9%, on pace for its worst year since 2008straight positive day closing above 24,000 for the first time since April 17This year: Dow is down 15.
Sectors: 11 out of 11 sectors were positive today led by Financials up 3.6% for their best day since April 17 —All three major indexes climbed higher on Monday as some of the most beaten down stocks surged. The Dow rose 353.6 points, or 1.49%. The S&P 500 rose 1.45% and the Nasdaq climbed 1.11%. Major retail stocks, which have been hammered as the coronavirus led to widespread closures, rallied as more states announced that some businesses will soon be allowed to reopen.
extending recent losses that's seen eight negative weeks in nine, on ongoing fears that worldwide storage will soon be full. West Texas Intermediate for June delivery fell 24.56%, or $4.16, to settle at $12.78 per barrel, after earlier trading as low as $11.88. International benchmark Brent crude fell 6.76% to settle at $19.99. The WTI contracts for July and August delivery also slipped, suggesting that the Street doesn't see a meaningful recovery in the coming months.
that tracks the stock performance of companies working on a coronavirus cure shows just how closely the broader stock market rebound is pegged to a viable Covid-19 treatment or vaccine. The S&P 500 and the CNBC Covid-19 Testing & Treatments Index have moved in tandem since the market bottomed on March 23.
CNBC's Covid-19 Testing & Treatments Index is equal-weighed and currently comprised of 29 companies that are working on testing and treating the novel coronavirus. Its components are a mixture of pharmaceutical and biotechnology companies ranging from Eli Lilly to Gilead Sciences. —Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled open houses and shattered consumer confidence.
elerianm 🤣🤣🤣🤣of course the banks can get us to ‘that’ point!!! They just made a killing in the rescue checks processing fees😆😶😡
elerianm The markets, the markets most people don't have access to the markets he is talking about. Most people should have access to Farmer's Market IMHO.
elerianm Didn't central banks just give markets like a $6 trillion bridge?
elerianm Don't forget to watch Sweden who is the ultimate experiment. This country is giving maximum individual freedom while keeping restrictions to a minimum.
elerianm
elerianm CNBC pump & dump boiler room always has this criminal on giving free financial advice lol ever wonder why?
elerianm ☺️
elerianm Ask him one question: where does he think markets will be in one year- higher or lower than we are now? Ask him for a one word answer. Everything else is just hot air.
elerianm Unless the fed is paying the bills for 30,000,000 individual Americans the economy is totally F’D. Just wait for the July mortgage apocalypse.
elerianm Ixnay the Central Banks. No longer a part of our new economy or future currency. ByeBye
elerianm -Can we convince the minions to go back to their low pay no benefits job?
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