A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 22, 2020.
The S&P 500 was up 2.1 percent in midday trading, following up on milder gains in Europe and Asia. Treasury yields also inched higher in a sign of a bit less pessimism in the market. Now, even as depressing economic and health reports pile up by the day, some investors are looking ahead to the possibility of parts of the economy reopening as infections level off in some areas.The recession is still expected to be painfully deep, but potentially short, Slimmon said, which is pushing some investors to buy stocks that have been beaten down.
Chipotle Mexican Grill, for example, said that a key sales figure plunged 16 percent in March on widespread stay-at-home orders. But it hit a bottom during the week of March 29, down 35 percent, and has since improved a bit. Declines the past week were “in the high teens.” Its shares rose 11.9 percent.
Netflix has also been a big winner as people look to fill their time, with shares recently hitting a record. It said late Tuesday that it added nearly 16 million global subscribers in the first three months of the year. But shares slipped 2 percent on Wednesday after its profits didn’t quite live up to Wall Street’s lofty expectations.
The new bill would come on top of more than $2 trillion in aid that Congress has already approved. That, plus massive support for markets from the Federal Reserve, have helped the S&P 500 to rise more than 24 percent since a low in late March. The index has roughly halved its loss from its record set in February, which at one point was roughly 34 percent.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks set to sink after historic U.S. oil routAsia shares were poised to track a Wall Street tumble on Tuesday after U.S. crude futures turned negative for the first time in history, crushed by a spectacular collapse in oil demand as the coronavirus pandemic derails the global economy. Brent is hanging on. WSJ WhiteHouseCEA Nobody trades anymore . .
Source: Reuters - 🏆 2. / 97 Read more »
U.S. Stocks Open Lower as Oil Market ShuddersMajor indexes slid shortly after the opening bell amid a chaotic rout in oil markets in the latest bout of turbulence sparked by the coronavirus pandemic. So much winning. secrer of Wuhan and COVID-19 fangfang this is Pompeo this is Trump what‘s fake news？ THE WEST IS IN CRITICAL DANGER
Source: WSJ - 🏆 98. / 63 Read more »
Collapse in oil prices continues, dragging US stocks lowerNEW YORK (AP) — Oil prices are continuing to collapse, inflicting more damage on stock markets around the world as shutdowns related to the coronavirus pandemic bring economies to a halt. The S&P... Well, this is one way to solve global warming. 👽
Source: AP - 🏆 728. / 51 Read more »
US stocks reboundInvestors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today. American stock market will be even better if Trump really does his job. omg Oil out, green energy in!! ProgressiveCapitalism
Source: cnnbrk - 🏆 393. / 55 Read more »
Oil prices continue to crumble, stocks around the world dropStocks open sharply lower on Wall Street as oil prices continue to collapse. Traders anticipate demand for energy to shrivel because of the widespread business, factory and travel shutdowns related to the coronavirus. President Donald Trump was caught in a lie saying he hasn’t left the White House in months, even though he held campaign rallies in February and March and played golf So tired of winning.... Get That boost you need, Stay on top!!
Source: AP - 🏆 728. / 51 Read more »
Global Stocks Drop as Turmoil Grips Oil MarketS&P 500 futures fell alongside international stocks, after U.S. crude-oil futures plunged below zero for the first time in the latest bout of market turbulence sparked by the global coronavirus pandemic. Damn, buying a barrel of oil is going to cut into my bubblegum money. what's up with the guy in the eyepatch 🤨 I’d love to discuss the fundamentals of this. Most out of ground is sold and hedged. The responsible ones I’ve heard at $58
Source: WSJ - 🏆 98. / 63 Read more »