Stocks rose in much of the world Monday and recovered some of their losses from earlier weeks, but markets are still far from giving the all-clear on the virus that has spread to more than 20 countries and infected more than 17,000 people.
The S&P 500 rose 23.40 points, or 0.7%, to 3,248.92 and clawed back some of its losses following its first back-to-back weekly drops of 1% since August. The Dow Jones Industrial Average gained 143.78, or 0.5%, to 28,399.81, and the Nasdaq composite climbed 122.47, or 1.3%, to 9,273.40. The indexes remain 1.4% to 3.2% below their records set last month.
The virus fears have struck just as investors believed economic growth would re-accelerate around the world, thanks in large part to interest-rate cuts and bold actions by the Federal Reserve and other central banks around the world. A report on Monday said U.S. manufacturing returned to growth in January for the first time in six months, but many investors discounted it because it doesn’t fully reflect all the virus concerns.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set for mixed trade as Wall Street rebounds amid virus fearsStocks in Asia were set to trade mixed on Tuesday as investors weigh the potential economic impact of the ongoing coronavirus outbreak that has killed more than 400 in China so far.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks rise on Wall Street, but China's main market divesTechnology companies led U.S. stocks higher in early trading Monday as global markets mostly calmed down following a sharp sell-off last week over worries about the spreading virus outbreak that began in China Thank you President Trump!! Mnuchin is pumping our borrowed tax money into the markets to prop them up before the State of the Union. When the back door government meddling stops, what goes up, will come tumbling down. Trumps economy is Boooooming..... Winning
Source: ABC - 🏆 471. / 51 Read more »
Tech stocks, upbeat U.S. factory data help Wall Street reboundU.S. stocks rose on Monday, with gains in Amazon and technology stocks as well a... The only reason for a rebound is the fact that the gov is propping it up. They think everyone is stupid.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street is quietly retreating from its enthusiasm for Tesla's self-driving car plans - Business InsiderThe transportation narrative has shifted to self-driving. Tesla is working on an autonomous solution, but the likes of Waymo and Cruise are far ahead. that's because self-drive cars will be not be a viable invest for years. they are simply too dangerous when combined with the unpredictability of other drivers Huh. No surprise. I don’t think the system is ready and won’t be for years yet. They could speed things up by having a transponder on every car so they could automatically be aware of eachother. A tonne of stuff goes on on surface roads that isn’t even car related.
Source: BusinessInsider - 🏆 729. / 51 Read more »