The stock market had a mixed open on Friday, attempting to build on modest gains from the previous session as investors remain watchful for more progress on the Trump administration’s $1 trillion relief package and hope for a positive end to a historically volatile week of trading.
As of 10:30 a.m. on Friday, the Dow Jones Industrial Average is up 1.4%, almost 300 points, while the S&P 500 gained 1.3% and the Nasdaq Composite rose 2.3%. Overnight stock futures indicated that the market could open slightly higher, with Nasdaq futures hitting their “limit up” level of 5% in pre-market trading. Despite rallying throughout the night, futures pared back gains and pointed to a potentially lower market open. from a three-year low on Thursday, spurred by a rally in energy and tech stocks. The Dow finished nearly 1% higher yesterday, while the S&P 500 was up 0.5% and the Nasdaq outperformed, surging 2.3%.
Investors nervously continue to await more progress on the Trump administration’s $1 trillion coronavirus relief package, released by Senate Republicans on Thursday. The bill includes direct cash payments of up to to struggling Americans and $300 billion in small business loans to companies with less than 500 employees.up to $50 billion in federal relief for airlines and $150 billion for other distressed businesses, like in the travel and tourism industry.the bill, which is “not at all pro-worker and instead puts corporations way ahead of workers,” according to a statement from House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Attempt To Rally As Investors Hope For More Detail On Trump’s $1 Trillion Stimulus PackageStocks are attempting their first back-to-back gains in over month. ... Tom Greene just gave the GR33N Ligh+ jcenterpriseceo JCHFE31 . . . . BTW when you get those stimulus check InvestinSomething preferably yourself like Education,Small Business a true 501c Non Profit 1Trillion 'Men Lie Women Lie numbers Don'+' JCHFE
Source: Forbes - 🏆 394. / 53 Read more »
Stocks, oil, bitcoin rally as stimulus efforts temper coronavirus fears - Business Insider'Governments are promising big things but there are big questions about how the whole thing can work,' one analyst warned.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asian stocks rise after Wall Street gains on aid hopeBEIJING (AP) — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession... Critical shortage of masks in the medical profession LOL lets put one on a statue. But how will they protect us from you? That pic....
Source: AP - 🏆 728. / 51 Read more »
Stock market live updates: Stocks set to rise again, Nasdaq futures hit 'limit up,' Microsoft gainsStock market live updates: Shares of Uber jumped more than 10% during premarket trading after Wells Fargo upgraded the stock to an overweight rating. After stocks fall 30%-90%, genius analysts act like robots, don’t think and upgrade corporations. Will they double upgrade them when they go down a further 20% and have cash flow problems? I think they will. New paradigm. Traditional brainless analysis won’t work here. THINK. Who is using Uber now?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Lose Nearly All Gains Under Trump Presidency As Market Falls Another 6%Stocks plunged today, reaching a new crisis low—below the levels they were at when Trump first took office—as the coronavirus pandemic continues to take a toll on markets and inflict damage to the U.S. economy by skleb1234 skleb1234 Did I see WWE? skleb1234 No biggie realDonaldTrump will be there 4 more years.
Source: Forbes - 🏆 394. / 53 Read more »
Only These 16 S&P Stocks Have Avoided The Coronavirus Market CrashOnly these 16 S&P stocks have avoided the coronavirus market crash by skleb1234 skleb1234 ...mint flavor apple jelly? I.. I have questions... RJSOCAL7602 Stocks jump as Trump promises to 'go big' on aid for economy during coronavirus pandemic
Source: Forbes - 🏆 394. / 53 Read more »