U.S. stocks opened sharply higher on Tuesday, on track to consolidate their gains from the day before, amid hopes that the rate of increase in COVID-19 cases in the U.S. and Western Europe was slowing down. The S&P 500 SPX, +2.68% rose 3.2% to 2,749. The Dow Jones Industrial Average DJIA, +3.30% advanced 865 points, or 3.8%, to 23,545. The Nasdaq Composite COMP, +2.15% tumbled 2.8% to 8,136.
Investors honed in on a slowdown in infections in France and Italy, the center of the outbreak in Europe. And for the first time since January, China reported no new deaths due to the coronavirus. The hope is that once the virus is contained, consumers and economies can resume normal activity. News reports also suggest lawmakers are discussing another fiscal stimulus package potentially worth more than $1 trillion to prop up the economy.
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People are thinking we are out of it. The virus may be gone but the economic challenges are just starting! Where are the earnings ? Resession then depression! What makes you think the companies will survive or will have enough consumers to meet the earnings!!!
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UBS says stick to these strong-balance-sheet stocks that can withstand shocks'Balance sheet strength is critical right now as companies may suffer significant revenue disruption ahead,' UBS analyst Paul Winter said in a note to clients. Pro SaveThePeople_NotWallStreet Pro Duh Pro How many are there?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks are set to jump at Monday's open, Dow futures rise more than 200 pointsU.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week. US futures up in early Sunday evening trade. Dow futures +297 points. Wow 200 points ! 🙄 CNBC. WOW!! Sincerely
Source: CNBC - 🏆 12. / 72 Read more »
Asia Pacific stocks edge higher; oil prices drop as OPEC and its allies delay meetingStocks in Asia Pacific edged higher on Monday morning as a scheduled meeting between the Organization of the Petroleum Exporting Countries and its allies, initially set to take place later today, was delayed. Oh , I thought Trump fixed the disagreement between SA & RU . MakeChinaPay xijinpingheadonaplatter
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street looks for light at end of tunnel, sees risk stocks will re-test lowsWall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel. Just what you all hope for but 4MOREYEARS coming Someone should let Shorty Medlocke's estate know that because he's going to be collecting a boatload of royalties on the Train coming down the tracks & rolling right through that idea. Blackfoot Thelightattheendofthetunnel Wall at the end of the tunnel more likely!
Source: Reuters - 🏆 2. / 97 Read more »
Wall St. looks for light at end of tunnel, sees risk stocks will re-test lowsWall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel. Why is the stock market going up when unemployment is rising? S&P is headed to 2000
Source: Reuters - 🏆 2. / 97 Read more »
Stocks, Futures Rise, in Positive Sign for U.S. MarketsGlobal markets rose on Monday, with several stock indexes in the Asia-Pacific region adding more than 2% and S&P 500 futures rising, suggesting U.S. markets could also gain ground later in the day. Now JP Morgan sounding more bullish, on slowing US cases. Don't hold your breath.. 🤔 Yes. Thank you again for pointing out that a decline in human deaths can boost profits. Maybe a tad of empathy? Just a tad It is loss of life after all. Just a suggestion.
Source: WSJ - 🏆 98. / 63 Read more »