News Formal

Business Maverick: S&P 500 Climbs to Within 2% of Its Record High: Markets Wrap

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The S&P 500 Index headed for a fourth straight advance amid encouraging news on the vaccine front and speculation U.S. lawmakers are making progress on an aid package.

Wednesday painting a grim picture. Gains in precious metals suggest traders are nervous about the outlook for the global economy and seeking a hedge.

“Stock markets in general have been underpinned by expectations for further stimulus out of the U.S.,” said Candice Bangsund, portfolio manager of global asset allocation at Fiera Capital Corp. “The second-quarter earnings season has also lent some notable support and helped to counteract some of the fears about the latest resurgence in Covid cases.”

U.S. economic data was mixed, with payroll gains slowing sharply in July, suggesting the pickup in coronavirus cases is putting the brakes on the job market. Meanwhile, service industries expanded in July at the fastest pace since February 2019.Reserve Bank of India and Bank of England rate decisions due Thursday.July U.S. employment and jobs reports expected Friday.The S&P 500 Index advanced 0.7% as of 2:36 p.m. New York time.The MSCI Emerging Market Index advanced 1.2%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

MARKET WRAP: JSE gains for a third day as gold stocks rally on record metal priceGlobal market sentiment has been supported by ongoing discussions in the US Congress regrading a Covid-19 relief package
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Business Maverick: Spot Gold Breaks Through $2,000 With Haven Seekers Piling InSpot gold surged to a record $2,000 an ounce as investors continue to seek a haven amid growing economic and geopolitical risks.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: The Rich Still Want to Buy Their Ferraris: Chris HughesCovid-19 has affected the production and delivery of luxury cars, but not demand from the wealthy to acquire them, as analysts have noted. The financial impact of the virus on Ferrari NV’s performance is, for now, looking like only one quarter of lost earnings. Management has handled the crisis well.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »