House Speaker Nancy Pelosi said she won’t restart discussions until Republicans increase their coronavirus aid offerShares of companies that would benefit from a reopening of the economy—including airlines, cruise operators and retailers—rallied on Friday, while shares of Big Tech companies lagged.Brett Ewing, chief market strategist for First Franklin, says that the S&P 500 will hit “new highs before the election,” with a year-end price target of 3,500.
and Chinese trade officials were slated to review the phase one trade deal via a video call on Saturday, but that has now been pushed back due to scheduling issues, Reuterson Friday. The agreement, which was signed back in January, has increasingly looked to be at risk given the rising tensions between the world’s two largest economies. What’s more, China’s pledge to purchase some $200 billion of U.S. exports like pork and soybeans is currently behind schedule.
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