Stock market live Tuesday: Dow surges 500, JPM jumps on Dimon comment, China worries ruin the close

New York Stock Exchange President Stacey Cunningham said onthat she does not expect the protections put in place for workers at the exchange to prevent all infections.

In response to whether the floor of the NYSE would close again if a worker tested positive, Cunningham said the measures — which include temperature checks and mandatory mask-wearing — were designed to prevent outbreaks. "It's not designed to prevent an individual case. Somebody may be exposed outside of this building, show up here and we find out that they tested positive. The protections that we put in place have been designed to prevent an outbreak so that the likelihood of an infection passing around the floor is greatly diminished," Cunningham said.

"We have seen greater demand than we expected, with demand averaging approximately 50% compared to 2019 levels. While we continue to work through our excess inventory, we expect that gross margins in fiscal 2020 relative to the prior fiscal year will be lowest in the second quarter, with sequential improvement going forward," the memo said. Macy's announced a $1.1 billion bond offering on Tuesday that the company said will be used to pay down its revolving credit facility.

Home prices continue to increase at a modest rate across the U.S., even amid the coronavirus pandemic., compared to a year prior, according to the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. This was an increase from the 4.2% rise in February of 2020. The 10-City Composite rose 3.4% annually, up from 3% in the previous month. The 20-City composite increased 3.9%, up from 3.5% in February.

Yes. Because capitalism is bailing out the big guys and letting the little guys sink.

lorakolodny JukkaLepikko Lisää uusia ajureita tukemaan ATH enkkoja.

lorakolodny It would be great to see some sort of (tax) incentive to push consumers back to small businesses and rebalance a bit.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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The Stock Market Is Closed for Memorial Day. The Dow Is Rallying Anyway.While the markets in the U.S. are closed, it’s business as usual for others. Why the stock market is rallying. Fed printer go brrrrrrrrrrrrrr. Buy stonks! The fed cant print jobs....
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »

Kevin Hassett: US 'human capital stock' ready to get back to work - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Heartwarming. lol 😂 The sad part is that you didn't know you were just that, nothing more!
स्रोत: BusinessInsider - 🏆 729. / 51 और पढो »