Stocks rise as reopening optimism beats bad data

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The gains are the latest instance of markets looking at economic reports that are bad, but not significantly different than expected, and instead focusing on positive news. coronavirus

in the United States last month, although historic, was not quite as bad as feared and failed to put much of a dent in market confidence., the US government reported, which compares to the 21 million market consensus established by data firm Factset.

Major US indices were in positive territory the whole session, with the Dow finishing up more than 450 points, or 1.9%, at 24,331.32. Art Hogan, chief market strategist at National Securities, said investors believe the economy will bottom out in the 2nd quarter and improve after that.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines