Trading has been choppy this week as investors balance optimism that the economy is on the path to recovery as more businesses reopen against concerns that a resurgence in infections could force another round of shutdowns. Several reports out this week gave Wall Street reason for optimism.
Economists at Bank of America now expect the U.S. economy to shrink 5.7% this year, a severe contraction but not as bad as their earlier forecast for an 8.1% plunge. It was huge efforts by the Fed, along with spending by Congress, that helped the stock market turn around from its nearly 34% plunge in March. More recently, it’s been hopes that the worst of the recession may have already passed that have pushed the market higher.
In Europe, the German DAX returned 0.4%, and France’s CAC 40 rose 0.4%. The FTSE 100 in London added 1.1%.
Time to sell. Next one will be worse.
Need to add “With a huge infusion of cash from the Fed.......” to that headline.
This is why we’re seeing a major increase of covid reporting.
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.
Jim Cramer: 10 bull markets on Wall Street and the stocks leading the wayThe 10 bull markets 'will keep working as America reopens,' the 'Mad Money' host said. NVDA,APPL,PYPL,SQ AND NOW IDEX 🚀🚀🚀 Everything cloud
Source: CNBC - 🏆 12. / 72 Read more »
Asian stocks set to rise after mixed Wall Street sessionAsian stocks were set for gains on Friday although trade was likely to be choppy after a mixed Wall Street session with investor focus swinging between concerns about a second pandemic wave and more upbeat hopes about an economic recovery. KACHING رويترز: من المتوقع أن تحقق الأسهم_الآسيوية مكاسب الجمعة على الرغم من أنه من المرجح أن تكون المضاربات متقلبة بعد جلسة مختلطة في وول_ستريت مع تأرجح تركيز المستثمرين بين المخاوف بشأن موجة ثانية ل جائحة فيروس_كورونا_المستجد والمزيد من الآمال المتفائلة بشأن التعافي الاقتصادي. No Fear after
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks set to fall as Wall St snaps 3-day winning streakAsian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery. ChinaMustPay ChinaLiedAndPeopleDied ⚖️🌏👈📊🧾 BoycottChineseProducts NOW!! And USA 🇺🇸📜⚖️🌏🧐💰OWES CHINA NOTHING, ZERO, NADA (纳达抗变色铜基合金 ) ⚖️💸💵💴💶💷💳 KILLING INNOCENT PEOPLE! accountability 📈📉💉🩸🧬🦠⚰️
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Stumble, Carnival Crushed, Hertz Abandons $500 million Stock Sale by Squawk on the Streetjimcramer SquawkStreet Moe,Larry,Curly.
Source: CNBC - 🏆 12. / 72 Read more »