US: Stocks finish mostly higher, posting solid weekly gains

Wall Street stocks finished mostly higher on Friday, concluding a positive week amid optimism about the reopening of the US economy and progress on a coronavirus vaccine.[NEW YORK] Wall Street stocks finished mostly higher on Friday, concluding a positive week amid optimism about the reopening of the US economy and progress on a coronavirus vaccine.

The tech-rich Nasdaq Composite Index led the market, gaining 0.4 per cent to finish at 9,324.59, an increase of more than 3.4 per cent for the week. The Dow Jones Industrial Average shed less than 0.1 per cent to 24,465.16, while the broad-based S&P 500 added 0.2 per cent at 2,955.45. Analysts pointed to a number of major announcements on investments and early research that has built confidence that the virus can be countered with a vaccine, even though the timeframe for getting one is not clear.

Investors have also greeted gradual steps by states to reopen their economies. On Friday, Texas expanded capacity at restaurants to 50 per cent from 25 per cent and opened bowling alleys, bingo halls and other venues.

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.

Stocks to watch: Manulife US Reit, Del Monte, Vicom, Keppel DC Reit, PropNexTHE following companies saw new developments that may affect trading of their securities on Thursday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks end lower after another jump in jobless claimsNEW YORK (AFP) - Wall Street stocks finished lower on Thursday (May 21) following a choppy session as markets weighed heightening US-China tensions and another spike in jobless claims.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Europe: Stocks hit by US-China tensions, recovery doubt[BENGALURU] European shares fell on Thursday, as signs of worsening US-China relations added to concerns over the pace of recovery from the coronavirus-led economic downturn. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

SE Asia Stocks-Slip as Sino-U.S. tensions spike over new Hong Kong lawREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

Asia stocks skid as Hong Kong returns as US-China flashpoint; STI falls 2.3%TOKYO (REUTERS) - Asia shares tumbled on Friday (May 22) as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating US-China relations, following Beijing's moves to impose a new security law on the city.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US stocks end lower after another surge in jobless claimsNEW YORK: Wall Street stocks finished lower on Thursday (May 21) following a choppy session as markets weighed heightening US-China tensions and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »