Stocks rally on reopening, stimulus hopes

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The three major averages on Wall St were poised for their fourth gain in five session on Wednesday as investors again bet on a swift economic ...

NEW YORK: The three major averages on Wall St were poised for their fourth gain in five session on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve.

Still, with economic data likely to be dismal in the coming weeks, there is concern that stocks may have gotten ahead of themselves, with the S&P up nearly 33per cent from its March 23 closing low. Minutes from the Federal Reserve's most recent policy meeting showed the central bank pledged to act as appropriate to support the economy until it is on track to recovery, a sentiment that Fed Chair Jerome Powell has voiced in recent days.The Dow Jones Industrial Average rose 360.8 points, or 1.49per cent, to 24,567.66, the S&P 500 gained 47.95 points, or 1.64per cent, to 2,970.89, and the Nasdaq Composite added 174.88 points, or 1.9per cent, to 9,359.99.

As states across the country begin to loosen restrictions, hopes for an economic rebound have grown. The NYSE Arca airlines index jumped 5.35per cent as Delta Air Lines Inc's chief executive officer said he was confident travel will return in the next 12 to 18 months.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

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.

Asia stocks adrift as vaccine rally falters: STI down 0.9%WASHINGTON (REUTERS) - Asian stocks struggled to extend the week's rally on Wednesday (May 20) and gold and bonds firmed as a sceptical press report dented some hopes for a Covid-19 vaccine and concerns about bumps in the global recovery from the pandemic returned.. Read more at straitstimes.com.
La source: The Straits Times - 🏆 8. / 63 Lire la suite »

US stocks retreat after big Monday rallyNEW YORK: Wall Street stocks ended lower on Tuesday (May 19) as top US economic officials warned the US economy faces continued risks, causing the ... Ya don't say🤔
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

SE Asia Stocks-End firmer on virus vaccine hopes; Thailand hits 2-1/2 month highREUTERS
La source: TODAYonline - 🏆 1. / 99 Lire la suite »

Tokyo: Stocks open higher on virus hopes[TOKYO] Tokyo stocks opened higher on Tuesday, extending rallies on Wall Street on optimism about the easing of coronavirus lockdowns and promising preliminary clinical results of a Covid-19 vaccine candidate. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Tokyo: Stocks close higher on virus hopes in Japan[TOKYO] Tokyo stocks closed higher for the fourth straight day on Wednesday, helped by expectations the Japanese government would lift a state of emergency for some major cities on Thursday. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Stocks to watch: Suntec Reit, SPH, Ho Bee Land, Oxley, UG HealthcareTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »