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US: Stocks end up on optimism about vaccines, reopenings

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

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[NEW YORK] Wall Street stocks surged on Tuesday on optimism about a rebound in the United States, as more states emerge from coronavirus shutdowns and drugmakers step up efforts to find a vaccine. Read more at The Business Times.

Consumer confidence stabilized in May after two months of sharp declines as shoppers said they were more upbeat about the future, according to a survey from the Conference Board.

At a banking conference, JPMorgan Chase chief executive Jamie Dimon described US consumers as in relatively"good shape" considering the spike in unemployment. Dow member Merck gained 1.2 per cent after announcing a series of initiatives in response to the coronavirus, including the acquisition of privately-held vaccine company Themis.

 

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US stocks end up on optimism about coronavirus vaccines, reopeningsNEW YORK (AFP) - Wall Street stocks surged on Tuesday (May 26) on optimism about a rebound in the United States, as more states emerge from coronavirus shutdowns and drugmakers step up efforts to find a vaccine.. Read more at straitstimes.com.
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Tokyo: Stocks open higher on virus hopes[TOKYO] Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. Read more at The Business Times.
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