Inside Eagle Investors, the 20,000-member online community run by 2 Indiana University students that's helping spearhead the Gen Z day-trading revolution
Stocks opened higher as investors found hope in new stimulus abroad. The People's Bank of China injected 700 billion yuan into the country's financial system on Monday, establishing a more accommodative monetary-policy stance from China's government. The injection, made through China's medium-term lending facility, could prelude interest-rate cuts or other, more potent easing measures.
Investors continued to consider how a lack of fiscal stimulus could halt the US recovery. Senators went on recess on Friday, punting stimulus talks into September unless a majority of lawmakers decide to reconvene ahead of schedule. Economists have said the stimulus deadlock could plunge the country into a longer-than-necessary recession.
"There has been a solid V-shaped rebound so far and the US economy has already made up a lot of lost ground," Michael Zezas, a managing director at Morgan Stanley, said in a note."However, prolonged delays in stimulus could weigh on household consumption and prompt state and local austerity."
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.
Stocks drift higher, giving S&P 500 another shot at recordU.S. stocks inched higher Monday, giving the S&P 500 another shot at its record high following a historic downturn caused by the coronavirus pandemic during the spring. Hmm how are stocks going up, with so many out of work + and economy contracting? The stock market is not the economy The fed poured 1 trillion to prop up the market and you're reporting record gains? It's artificial.
Source: USATODAY - 🏆 100. / 63 Read more »
Stocks Open Higher, With S&P 500 Closing In On New Record HighStocks opened higher today with S&P 500 closing in on a new record high by skleb1234 skleb1234 the stock market is an indication of corporate health, not the economic wellbeing of the average citizen who has no skin in the game. stocks represent Trump's BFFs financial interests, not those of the everyday person. skleb1234 continent their fathers conquered.' 'The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs.' - Thomas Jefferson skleb1234 If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around(these banks) will deprive the people of all property until their children wake up homeless on the
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Open Higher, With S&P 500 Closing In On New Record HighThe market opened slightly higher to start the new week. Ugh
Source: Forbes - 🏆 394. / 53 Read more »