and other global hot spots. Monday’s sudden dive for markets after California’s announcement was reminiscent of similar recent market reactions after Florida and other Sun Belt locations have announced rising numbers of known infections and deaths.If states continue to bring back restrictions on their economies to slow the resurgence, it could choke off the fragile economic improvements just as they got underway.
“The most important thing is COVID-19 data,” said Darrell Cronk, chief investment officer of Wells Fargo Wealth and Investment Management. “That’s going to affect whether we have to slow down or stop economic activity in the back half of the year.” Such concerns have helped the price of gold recently rally to its highest level since September 2011, shortly after it set its record. Gold added $12.20 to settle at $1,814.10 per ounce Monday.
Another measure of nervousness in the market also ticked higher. The VIX, which shows how much volatility traders expect from the S&P 500 in upcoming weeks, rose 18%.PepsiCo added 0.3% even though it said its profit fell 19% last quarter from a year earlier. Results were better than Wall Street had forecast, leading to the lift.
Benchmark U.S. crude fell 1.1% to settle at $40.10 per barrel. Brent crude, the international standard, fell 1.2% to $42.72 per barrel.Get our Boiling Point newsletter for the latest on the power sector, water wars and more — and what they mean for California.
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:
Now will everyone just stay the hell away from one another & wear masks for two weeks while mandatory tests are given to all of California? Then you can have your economy and your schools. Just gotta do all that and not half ass it. France just ended their emergency declaration.
There is enough money for all of us to live well
Still very hard to belive anyone didn't see this coming.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks are resilient because investors have been braced for much worse COVID-19 news, says strategistStocks will be resilient to COVID-19, according to this strategist, because of the Fed's help, the cost cutting happening across every industry and the anticipation of a V-shaped recovery. So, my question is, with the S&P down a paltry 1% YTD, are we really only 1% worse off than we were on January 1? My gut tells me no, and this house of cards the market has constructed will not end well. Because the pandemic will, eventually, end and life and business will go on.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves in the premarket: PepsiCo, Analog Devices, Carnival, Pfizer & moreThe stocks making the biggest moves in premarket trading include PepsiCo, Analog Devices, Carnival, Pfizer, and more. Pepsi doesn’t get much attention, need to look into it more Run and hide y’all are caught
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news: Stocks ignore record COVID cases, focus on earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Further proof why we are in the mess we are in and the stock and housing market are insanely overvalued. there's no second wave, the surge of cases r the result to a more testing applied than before. The world economic system will not gonna come crashing down right now. Covid_19 COVIDUpdates
Source: BusinessInsider - 🏆 729. / 51 Read more »
European stocks rise on eve of earnings season as traders look past virus spikeEuropean stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S....
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia stocks set to trade higher as investors shrug off rising coronavirus casesThe World Health Organization on Sunday reported a record daily rise in global coronavirus cases, according to Reuters. Hit them where it hurts $$$$ fed pump Is it Because Asian countries turn out to be handling it better now? Like Taiwan, Japan, South Korea and Taiwan? Plus Vietnam
Source: CNBC - 🏆 12. / 72 Read more »
Keep buying hot stocks like Slack and Costco, Wall Street's best-performing analysts sayYour weekend brief: Keep buying hot stocks like Slack and Costco, Wall Street's best-performing analysts say Sunday pump? A little early.... It’s just a constant stream of Permabullshit from you vested interest charlatans 'And with COST shares lagging since the March' wtf is this ? they are on alltime high...
Source: CNBC - 🏆 12. / 72 Read more »