REUTERS: U.S. stocks rose on Monday with the Nasdaq hitting a new intraday high after a surprisingly upbeat jobs report last week raised expectations of a swift recovery from a coronavirus-driven downturn.
"With the U.S. economy continuing to open and with New York City beginning an important reopening, the market is absorbing that, and what's important is without a significant uptick in virus-related hopitalizations or deaths, the consumer is becoming increasingly optimistic," said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey.
The focus this week will be on the Federal Reserve's two-day policy meeting, ending on Wednesday, where the jobs report will most likely be discussed.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq sets new record, close to confirming bull market in placeThe Nasdaq composite rose to a new record high on Monday, and looks on track to confirm that it has been in a bull market for two and a half ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Malaysia: Shares open lower on MondayMALAYSIA share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 5.51 points, or 0.35 per cent, to 1,556.33 as at 9.15am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Nasdaq sets new record, close to confirming bull market in placeThe Nasdaq composite rose to a new record high on Monday, and looks on track to confirm that it has been in a bull market for two and a half ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia: Equities build on rally as US jobs data fans recovery hopes[HONG KONG] A blockbuster US jobs report that fanned optimism over the economic recovery from the coronavirus crisis helped push stock markets even higher Monday, while a decision to extend production cuts provided fresh support to oil prices. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
SE Asia Stocks-Keep rally going as U.S. jobs data lifts recovery hopesREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »