News Formal

US stocks open higher, are headed for another weekly gain

  • 📰 AP
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Stocks open broadly higher on Wall Street, keeping the market on track for its second weekly gain in a row. Technology stocks were leading the way with Cisco and Applied Materials both rising sharply after reporting results that beat analysts' forecasts.

FILE - A sign for Wall Street is carved in the side of a building, Thursday, Nov. 5, 2020, in New York. Stocks are opening broadly higher on Wall Street Friday, Nov. 13, keeping the market on track for its second weekly gain in a row.

NEW YORK — Stocks were moderately higher in Friday morning trading, recovering some of the declines markets posted the day before as investors became increasingly worried aboutThe S&P 500 rose 0.8% as of 9:50 a.m. Eastern, with the Dow Jones Industrial Average and Nasdaq Composite posting similar gains. The market was lifted by the same stocks that have dominated this year’s gains: big technology companies such as Cisco Systems, Amazon and Microsoft.

“It feels a bit deflated today,” Stephen Innes of Axi wrote in a report. A vaccine “cannot get here quick enough as what should be a festive time of the year looks bound to be weeks of holiday gloom.”

 

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

Explain to me why Wall Street gets to celebrate/rebound in the midst of a pandemic? People are struggling with depression,death and possible homelessness while trying to survive Covid but we are poppin' bottles to the Dow? GTFOH

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:

 /  🏆 728. in CA

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.

U.S. Congress passes bill that could delist Chinese stocks from U.S. marketsThe U.S. House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards. This is getting serious
Source: Reuters - 🏆 2. / 97 Read more »

China urges U.S. to stop arbitrary suppression via U.S. investment bansChina is urging the United States to stop its arbitrary suppression of investments, foreign ministry spokesman Wang Wenbin told reporters on Friday, when asked about the ban on U.S. investments in firms linked to the Chinese military. Chew on that, gooks. 🖕🏼 🇨🇳
Source: Reuters - 🏆 2. / 97 Read more »