The S&P 500 SPX had fallen nearly 35% from its mid-February record highs, but an unprecedented U.S. fiscal and monetary stimulus and early signs the outbreak could be peaking have helped it recover about 27%.
The benchmark index ended a holiday-shortened week on Thursday with its biggest weekly percentage gain in more than four decades as the Federal Reserve rolled out trillions of dollars to backstop businesses. Over the weekend, major oil producers agreed to their biggest-ever output cut, but crude prices were subdued on concerns even that would not be enough to head off oversupply with the health crisis hammering demand. [O/R]
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Why do you people always thinks Africans are guinea pigs.....that any shit is associated to Africa.......!God above all has punished you with covid-19
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Stock market bulls hope that the S&P 500 will rally further even as corporate earnings craterAs the coronavirus epidemic gathers steam in many parts of the U.S., equity investors appear confident its damage to the economy will be contained, but analysts warn that as large corporations provide more information about COVID-19’s impact on earnings recent gains could be in danger. Saving this for the next time some MAGA brags about the stock market like it means something
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks Fall as Investors Digest Oil DealS&P 500 futures retreated more than 1%, as investors weighed the impact of an agreement to withhold a record amount of crude from markets, with global demand weakened by the coronavirus pandemic. What does the Coronavirus do to you? ❓❓❓❓what are the symptoms of CoronavirusOutbreak... Maybe they should have eaten smaller portions AHAHAHAHAHAHAHHAHAA GET IT WALL STREET JOURNAL, BECAUSE YOU SAID DIGESTED I HAD YOUR NEWSPAPERS COME TO MY HOUSE FOR A WHILE AND NOW I CAN’T UNFEEL THEIR TEXTURE FROM THE IMPRINTS OF MY FINGERPRINT SKIN F...k stocks. They are artificial stuff.
Source: WSJ - 🏆 98. / 63 Read more »
How An Italian Entrepreneur Built A $1.6 Billion Fortune Investing In Energy CompaniesRomano Minozzi, one of Italy's newest billionaires, turned his earnings from a ceramics company into more than $1 billion of energy stocks. Building a fortune is about how you value the market :
Source: Forbes - 🏆 394. / 53 Read more »