With Friday’s rally sending stocks higher, the S&P 500 notched its first back-to-back weekly gains since early February. The index rose over 2.5% this week, while the Nasdaq“Markets are responding to an outlook that is a far cry from the doomsday scenario projected in the latter days of March and early days of April,” says Peter Essele, head of portfolio management for Commonwealth Financial Network. “We’ve moved from depression to recession, with a glimmer of light at the end of the tunnel.
“While there has never been any doubt that the U.S. economy would come back online at some point, these three events, taken together, raised optimism that the comeback will be sooner rather than later,” according to a note from Bespoke Investment Group.“The true litmus test over the next month will be whether payroll cuts have spilled over into additional sectors of the economy beyond leisure and hospitality,” predicts Essele.
skleb1234 Somebody is going to slide back in to take credit for the recovery
skleb1234 5 stocks accounted for half of S&P 700 points —that’s not a recovery 💰💰👿
skleb1234 Don't hold your breath...
skleb1234 Doesn't take much, does it?
skleb1234 Thank you president Trump!
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Rally, Dow Jumps 600 Points On News Of Gilead’s Possible Coronavirus TreatmentThe major indexes were up nearly 3% at the open. Next monday, Dow plunges 700 points as treatment is not possible and only works with bats. 📉
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Rally, Dow Jumps 600 Points On News Of Gilead’s Possible Coronavirus TreatmentThe stock market jumped today as investors became more optimistic about the coronavirus outlook, amid news overnight that Gilead Sciences’ COVID-19 treatment was showing signs of success in clinical trials with patients by skleb1234 skleb1234 Talk about ☕️ on 🔥!! 😎 skleb1234 The stock market aka “the Casino”, it’s only the FII’s who are profiteering from this volatility. Sad that SEBI_India doesn’t seem to be able to stop this. The retail investor is the one with the last tulip dutchtulip history skleb1234
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Rally, Pointing to Second Week of Gains for U.S. IndexesThe Dow and S&P 500 rose about 2%, setting up U.S. stocks for a second straight week of gains. The market was buoyed by optimism that parts of the American economy may begin reopening in coming days. This is silly. back to normal finally
Source: WSJ - 🏆 98. / 63 Read more »
Hope takes the reins on Wall Street, stocks rally worldwideU.S. stocks have joined a worldwide rally, closing out their first back-to-back weekly gain since the market began selling off two months ago. The S&P 500 rose 75.01 points to 2,874.56. The Dow Jones Industrial Average jumped 704.81, or 3%, to 24,242.49. Trump will tweet to claim credits Whee, line go up The buildup before the grab.....
Source: AP - 🏆 728. / 51 Read more »
Stocks rally at the openUS stocks open sharply higher as investors get excited about a potential coronavirus drug and the reopening of the US economy They are saying the virus came from China. How was it transmitted all over the world? No place has gone untouched. Was it set off somehow in the atmosphere? Wall Street set look to rise on the open , with Dow futures up 3.3% and those for the S&P 500 rising 3%. ShirleySharona2 People will die in order to appease trumps ego
Source: cnnbrk - 🏆 393. / 55 Read more »