In stunning turnaround, U.S. stocks close in on record high, end of bear market

In a comeback poised to muscle its way into financial history, U.S. stocks are preparing to leave the bear market behind.

If the S&P gains just a fraction of a percent by the closing bell, the bear market of 2020 will officially end and the bull market set in motion.In early afternoon trading, the S&P 500 had edged up 2.3 points, or 0.07 percent, to 3,382.70. The Dow gave up more than 50 points, or 0.2 percent, to trade above 27,926. The tech-heavy Nasdaq composite index, which has been buoyed by the tech giants and recently set its own record, advanced 75 points, or 0.7 percent, to nearly 11,082.

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U.S. distillate demand recovery stalls with stocks at 38-year highU.S. distillate inventories have climbed to the highest in nearly four decades as refiners continue to ramp up production despite signals that a recovery in road and air traffic demand has stagnated. Beirut writ large How's the 737s doing? Great example of how every big company fuck the average joe. Mother planes bringing their little ones to the jetgarden. Won't see any helicopter parents here. 🤷‍♂️
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »