US: Tech rally leads stocks higher

Facebook rocketed 6.0 per cent higher after unveiling tools for retailers hit by the pandemic to create online storefronts at the social network and Instagram, while Amazon advanced 2.0 per cent as it released the online gameAfter a terrible March, stocks have lately risen on hopes the US economy will quickly bottom out and rebound solidly.

Big-box retailer Target fell 2.9 per cent after reporting an 11.3 per cent jump in first-quarter revenues to US$19.6 billion. However, the company suffered a 64.3 per cent drop in profits to US$284 million due to higher costs. The results demonstrated the juggling act essential stores are doing during the Covid-19 crisis as they bonuses to hourly workers and spend more on cleaning.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

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Tech rally leads US stocks higherNEW YORK (AFP) - Led by tech giants, Wall Street stocks finished solidly higher on Wednesday (May 20) as investor optimism over the reopening of the economy offset worries about the hit from coronavirus shutdowns.. Read more at straitstimes.com.
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Tech rally leads US stocks higherNEW YORK: Led by tech giants, Wall Street stocks finished solidly higher on Wednesday (May 20) as investor optimism over the reopening of the ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Trump to tap new company to make Covid-19 drugs in the USWASHINGTON (NYTIMES) - The Trump administration will announce Tuesday (May 19) that it has signed a US$354 million (S$502 million) four-year contract with a new company in Richmond, Virginia, to manufacture generic medicines and pharmaceutical ingredients that are needed to treat Covid-19 but are now made overseas, mostly in India and China.. Read more at straitstimes.com.
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