Sentiment over a coronavirus vaccine was lifted afterthe country had given regulatory approval for the world's first Covid-19 vaccine.
While there was skepticism about whether Russia had developed a safe vaccine so quickly, the news triggered optimism from investors about the race for an inoculation and perhaps that the market isn't pricing in how quickly a valid one could be ready. This all led to traders piling into names that would benefit from the economy reopening at the expense of tech stocks.Tech falls
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Who cares it’s just the rich getting richer... let’s talk about this BidenHarris2020 ticket that will help regular Americans. We don’t care about the billions made or lost by the rich 🤷🏽♀️
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Here's what happened to the stock market on MondayStocks tried to build on last week's momentum even as lawmakers struggle to make inroads on a new coronavirus deal. Easy , banks , blackrock want sp500 , down Jones in max this week . Don't import data . Soon stimules . Up .
Source: CNBC - 🏆 12. / 72 Read more »
Stock Market May Be Banking On More Stimulus, Bond Markets Don’t See ItThe stock and bond markets are telling different stories about stimulus and the U.S. economic trajectory. Let's go Rangers.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks mostly higher at the open, eyeing fresh records, on hopes virus impact is lesseningU.S. stocks opened higher Tuesday, on track to set fresh records, as investors rotated their exposure away from pricier tech stocks towards other sectors...
Source: MarketWatch - 🏆 3. / 97 Read more »
El-Erian says the biggest threat to stock market rally is wave of corporate bankruptcies'I think what derails this market isn't more China-U.S. tension, isn't more political differences. It would be if we get then large-scale bankruptcies,' the chief economic advisor at Allianz added. Already begun Millions of evictions during a pandemic will not be good for the US economy. lol lol lol lol lie and lies cnb , banks , black rock want maximus this week , dow jons , Sp500
Source: CNBC - 🏆 12. / 72 Read more »