U.S. stocks mostly opened lower on Tuesday on track to erase a chunk of the previous session's gains as investors assessed the scope for a further market rally amid worries the U.S. economy's recovery would stay uneven. The S&P 500 SPX, -0.07% fell 0.4% to 3,166. The Dow Jones Industrial Average DJIA, -0.69% shed 189 points, or 0.7%, to 26,098.
The Nasdaq Composite COMP, +0.48% rose 2 points to 10,436. In an interview, Atlanta Federal Reserve President Raphael Bostic said the nascent U.S. recovery from the viral outbreak was"leveling off," raising doubts about a V-shaped, or swift and powerful, economic rebound. The worry is that re-acceleration of coronavirus cases across the U.S. could slow economic activity.
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China rally triggers gains in European cyclical stocksEuropean shares headed towards a one-month high on Monday, with a rally in China's markets setting an upbeat tone as investors banked on the world's second biggest economy to lead a recovery from the coronavirus-induced slump. Someone translate this in sports terms False rises are all weighted stocks, and small stocks have not changed much You must be joking.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks in Europe rally on economic optimismEuropean stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India. come on...you can't be serious with this headline...
Source: MarketWatch - 🏆 3. / 97 Read more »
Chinese Stocks Surge as Individual Investors Pile Into MarketThe flagship Shanghai Composite Index hit its highest since early 2018, as small investors bet that a recovering Chinese economy and easier financial conditions would fuel a boom in corporate profits. I feel it is very dangerous Good job Individual investors? CCP is an incredibly free country that wholly supports the rights of its ethnically diverse state owned financial manipulators. Sarcasm - in case you couldn't figure it out.
Source: WSJ - 🏆 98. / 63 Read more »
Citi expects stocks to go sideways for a year, suggests defensivesWorld stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the fallout from the coronavirus pandemic. this almost guarantees that stocks won't go sideways for a year... That’s a stupid position to have. Get a new broker. 1yr is optimistic vision...
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen higher as economic recovery, vaccine hopes drive risk-on sentimentEuropean markets are set for a bounce on Monday morning as investors focus on the prospect of economic recovery and progress on potential coronavirus drugs. BREAKING a live virus always spreads the virus. Who wants to bet? I got an OunceOfGold economic activity is NOT recovering and theres still no vaccine in sight. Actual headline central bank is currently buying up securities markets around the world in trade for all this “free government money” people are using to buy tv’s.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks trade mixed as WHO reports all-time high in coronavirus casesThe World Health Organization (WHO) reported over the weekend a record high number of coronavirus cases in 24 hours. Stop talking about cases. Talk about mortality stats or death rates. It is misleading Don't bury the lead. What else did the WHO report this weekend? That China never informed it of the Wuhan virus? Fauci says coronavirus may be mutating to become more infectious:
Source: CNBC - 🏆 12. / 72 Read more »