Stocks rebound as positive Moderna vaccine trial boosts optimism for economic recovery

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stocks rebounded a bit Monday after drugmaker Moderna released promising early results for a coronavirus vaccine.

Stocks rebounded Monday from losses last week on optimism that the U.S. economy might start to recover from the coronavirus pandemic after drugmaker Moderna released promising early results for a vaccine.

“There's still a long road to travel before this vaccine would be available even if it proves to be effective, but any light at the end of the tunnel is welcome,” Paul Hickey, co-founder at Bespoke Investment Group, said in a note. In an interview with CBS’s “60 Minutes,” Fed Chair Jerome Powell expressed optimism Sunday the U.S. economy can begin to rebound in the second half, assuming the coronavirus doesn’t erupt in a second wave. He said a full recovery won’t likely be possible before the arrival of a vaccine.

Energy, industrial and financial companies led the broader market higher Monday. Shares of Wells Fargo, Bank of America and Citigroup each rose by at least 4.5%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

result ?didnt stop the virus ! but didnt kill any rats in the last test

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:

 /  🏆 100. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Arabia PIF invested billions in Boeing, Disney, Facebook stocks - 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. F Of course they did, Trump and Jared's verrrrry close pals swooping in as everyone expected and that won't be the only thing they scammed their way into. Could say THEY own a fair chunk of America...which means...🤔 Facebook is a dying business if not for Instagram and WhatsApp it would have been dead no problem soon it will be dead even the Boeing is a sinking plane lol
Source: BusinessInsider - 🏆 729. / 51 Read more »

European stocks jump at the open as data shows new-virus cases slowingEuropean stocks climbed Monday, buoyed by data showing the slowest rate of growth in new-virus cases since late February. The gains also came after Federal... Во Имя БОГА, Любимого. Хвала Владыке мироздания. БОГ один. Неужто современному человеку даже это не уяснить. Нет никакой богоматери. Дева Мария обыкновенная Святая женщина. Моя прабабушка. Жалко смотреть на чиновников и политиков, когда говорят каждый день ложь. Бойтесь БОГА. Следуйте Мне Пророку, достойному доверия. Спорят с Пророком только больные люди. БОГ увеличит их невежество. В Час воздаяния не верить, нужно быть слепым и глупым. Они не понимают свою глупость, строят в мире беззаконие. Называют себя верующими, но лицемеры верны только дьяволу. An expected upswing given last weeks contraction and how much the present market has functioned like a sine wave
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks rally as data shows slowing virus growth and Fed chief expresses optimism in capabilityEuropean stocks jumped at the open, as data showed new coronavirus cases growing at the slowest rate in months while the head of the Federal Reserve said the U.S. central bank had plenty of ammunition to fight the economic crisis.
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia Pacific stocks set to open mixed; Fed Chair Powell assesses prospects of U.S. economic recoveryU.S. Federal Reserve Chairman Jerome Powell said the economy stateside may need a coronavirus vaccine to fully recover.
Source: CNBC - 🏆 12. / 72 Read more »

Top money manager cuts exposure, warns stocks are too expensiveTop money manager cuts exposure, warns stocks are too expensive (via TradingNation) TradingNation This same guy said to short thru April/May lmaooo TradingNation One man, at one single point in time, has an opinion on an unknowable future. That would be an accurate headline.... TradingNation Good for him
Source: CNBC - 🏆 12. / 72 Read more »

Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The HorizonBillionaire investor Warren Buffett is continuing to sell stocks, with no 'elephant-sized' acquisition on the horizon, amid the coronavirus pandemic by skleb1234 skleb1234 so? skleb1234 While John Brennan, James Comey, and Andy McCabe were pushing hoax coup theories, Las Vegas happened (there were two shooters). Lindsay Graham is refusing to pursue justice for these crimes. YouCantHideRed skleb1234 Cash on hand seems to be the better option once everything drops after all the aid times out.
Source: Forbes - 🏆 394. / 53 Read more »