U.S. stock benchmarks closed out Tuesday trade sharply higher after investors parsed testimony from Federal Reserve Chairman Jerome Powell on the the economy, reacted to a report of a prospective treatment for COVID-19, and to a report on retail sales that suggested that worst of the damage wrought by coronavirus lockdowns may be over. Retail sales rose 17.
The retail sales got the stock market off to a bullish start and gains deepened after BBC reported that dexamethasone, a cheap and widely available steroid, is showing signs of success in low doses when prescribed to patients who are suffering serious symptoms from the illness derived from the coronavirus. In corporate news, Pacific Gas & Electric PCG, -0.27% pleaded guilty Tuesday to killing 84 people in a 2018 wildfire in Northern California, agreeing to pay a maximum fine of $3.
🤑🤑💹💹💰💰 stonks $QQQ
$QQQ
This market makes absolutely ZERO sense. we're going to crash so hard
We always go up on 'hopes'
How many times it gonna rally on “hope”?
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »