Stocks charge higher on hopes for progress in fighting virus

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen.

Gains were widespread across markets, and big tech and communications stocks did some of the heaviest lifting after Google’s parent company said its revenue was stronger than Wall Street was expecting. But stocks have been rallying over the last month as investors look toward the prospect of economies gradually reopening around the world. Some U.S. states and nations around the world have laid out plans to relax restrictions keeping people at home and businesses bereft of customers. A drug treatment for COVID-19, which has killed more than 217,000 worldwide, would help life inch back toward “normal.

Google’s parent, Alphabet, jumped 7.5% after it reported better revenue for the first three months of the year than Wall Street expected. That helped communications stocks in the S&P 500 rise 4.3%, the biggest gain among the 11 sectors that make up the index. It also raised optimism about digital-advertising trends in Facebook’s earnings report, which is scheduled for after the market closes Wednesday. Facebook rose 5.

Bull trap. Gilead's results only showed noninferiority of 5-day regimen vs. 10-day regimen. The true game-changer would be if efficacy is shown vs. placebo. Until then, not buying it.

Millions of people around the world infected, hundreds of thousands dead and a gazillion people currently unemployed in the US (just a guess on the numbers) means the stock market only reflects the lives and finances of the wealthy.

What a F’d up Country we live in. Medical experts describe significant increases in the virus, misleading numbers because of failures to test everyone, but for the ECONOMY? Ease the restrictions and let the virus pick up speed in killing us! How pathetic.

Wall Street (given world today and what's coming) is getting out over their skis. CNBC cheerleaders are setting up rubes for selloff as hedge funds and traders take profits. Classic pump n' dump coming. stocks StockMarketCrash2020

This is the most irrational bear market rally ever, flying on nothing but complete irrational exuberance over every single kernel of remotely good news. It's a suckers/shorters Market. Smart Money is sitting on the sidelines waiting for the bottom, which is a long way off.

World economies are crumbling but that doesn't seem to matter to the markets ever since this started ... any chance to selectively pick the bits of positive news to drive stocks up.

Private sector ingenuity and drive creates a possible cure and the world immediately benefits.

ericcrawford How many times is this gonna work?

それは「材料」で「原動力」はカネ余りでしょう。

only gamblers and speculators, hedge funds..... the greed game........ investors?..........

How’s that possible?

Something positive? Could it be?

I'm rooting for recovery. We all know we need money to survive. I wish the leaders of the world had been better informed and more prepared for this pandemic. Especially the ones who knew better but refused to plan ahead....like Trump.

30+ variants of the virus and the sees treatment..ooookkkkk

Who cares about stocks? Seriously. Who actually gives a rats blank besides rich people and boomers about to retire?

Another proof that finance is enemy of the people.

I have a good feeling about Alka Seltzer.

Great news

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Jim Cramer reveals his 'Mad Covid-19 Index' of stocks for this 'tricky environment''You want to remember this list the next time the market rolls over,' the 'Mad Money' host said. I don’t have time to learn them all by tomorrow!!
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks set to rise as Wall Street jumps on lockdown easing hopesAsian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices. NEW: Canada reports 1,605 new cases of coronavirus and 147 new deaths. A total of 48,500 cases and 2,707 deaths. Cut China from The US financial system. Expel Chinese students. No Chinese tourist visas. 100% tariffs on Chinese goods. Sanctions and assets frozen.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. stocks advance as some states reopen for businessWall Street gained more than 1% on Monday at the onset of a hectic earnings week, as investors turned a hopeful eye toward several U.S. states that are relaxing shutdown restrictions put in place to curb the spread of the COVID-19 pandemic. Good luck with that Maybe employees don't matter as much to the stock market now because robots can do all the little jobs better then ever before... Layoffs mean more profit to many companies seeking automation. Avoid investing in stock market ,utilise these rallies to exit to keep cash on hand ,cash is king in crisis /recession.
Source: Reuters - 🏆 2. / 97 Read more »

Japan stocks set to rise as oil prices plunge overnight; HSBC earnings aheadWest Texas Intermediate for June delivery plunged more than 24% overnight to settle at $12.78 per barrel. International benchmark Brent crude futures also saw sharp losses as the contract fell 6.76% to $19.99 per barrel. 😷 Nothing makes sense anymore Clown market.
Source: CNBC - 🏆 12. / 72 Read more »

US stocks finish higherUS stocks closed higher on Monday, with the Dow recording its fourth straight day of gains. This hasn’t happened since early February. madagscarfoundthecure COVID was massively overhyped. Back to normal. Cool, and doctors are committing suicide
Source: CNN - 🏆 4. / 95 Read more »

These stocks have the most exposure to small businesses and should be avoided, Goldman says'We recommend investors avoid firms with high small business exposure. Margin and default risks will be highest for small businesses,' a strategist said. Pro This is disgusting. Billionaire bankers just outright saying to avoid small business exposure while the printing press supports their portfolios.
Source: CNBC - 🏆 12. / 72 Read more »