The Dow Jones Industrial Average was up 0.2%, over 50 points, at Wednesday’s open, while the S&P 500 rose 0.1% and the tech-heavy Nasdaq Composite was flat.
Retailers continued to report strong second quarter earnings: Shares of Target jumped 8% after the companyShares of Lowe’s rose over 2% after the home improvement retailer reported aWhile investors have cheered data that U.S. coronavirus cases are trending lower, many officials remain cautious about students returning to school and colleges in the fall: Several campuses have had to switch to fully online classes after seeing clusters of new hotspots emerge.
A good deal of uncertainty also remains around the next coronavirus stimulus bill in Washington: Treasury Secretary Steven Mnuchinon Tuesday for failing to “strike a reasonable deal,” but suggested that talks could resume this week. Sentiment was further kept in check by ongoing U.S.-China tensions, with President Trump admitting on Tuesday evening that he had canceled last weekend’s scheduled trade talks with China, raising further doubts about the phase one trade deal.. The index finished above its old record-closing-high of 3,386 set back in February, while also surpassing its previous intraday high of 3,393 earlier in the day.
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 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 »
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 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 close mostly higher with little catalyst, boosting highest flyers
Source: MarketWatch - 🏆 3. / 97 Read more »
US stocks edge higher as investors mull further stimulus, US-China trade talks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »