Wall Street's S&P 500 index ended Wednesday up 2% for its best day in three months.Investors were snapping up lower-priced shares and were encouraged by hopes of possible additional stimulus from the European Central Bank, analysts said. But they warned the recovery was fragile.
The Shanghai Composite Index rose 0.3% to 3,264.71 and the Nikkei 225 in Tokyo added 0.5% to 23,141.91. The Hang Seng in Hong Kong was little-changed at 24,460.08.New Zealand advanced while Singapore and Jakarta declined. Forecasters warn the stock price recovery might be too big and too early to be supported by uncertain economic activity as coronavirus infection numbers rise in the United States, Brazil and some other countries. Some governments have re-imposed anti-disease controls that are hampering business.
The U.S. Congress is at an impasse on whether to approve a new economic aid package after additional unemployment benefits ran out. and other stimulus that it approved earlier ran out.
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Wall Street's 3-day skid a reality check for runaway marketWall Street's summer-long party fueled by investors' appetite for some of the world's best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The last three trading sessions are a reality check after what many analysts say was an overdone push by traders into technology companies, especially in August. As more people around the world get sick with covid and stop driving crude will continue to go down as will the Canadian Liberal looney. Hedge time! The Dow Jones was saved by the Stimulus package that covered the asses of many CEO businesses who stayed open and endured up to now. But, the money is now gone! Expect a major Stock Market Crash more sooner than later!
Source: CTVNews - 🏆 1. / 99 Read more »
Wall Street's 3-day skid a reality check for runaway marketWall Street's summer-long party fueled by investors' appetite for some of the world's best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The last three trading sessions are a reality check after what many analysts say was an overdone push by traders into technology companies, especially in August. As more people around the world get sick with covid and stop driving crude will continue to go down as will the Canadian Liberal looney. Hedge time! The Dow Jones was saved by the Stimulus package that covered the asses of many CEO businesses who stayed open and endured up to now. But, the money is now gone! Expect a major Stock Market Crash more sooner than later!
Source: CTVNews - 🏆 1. / 99 Read more »