Slowdown in Infections Supports US Markets, Although Covid-19 Rescue Package Still Awaited
US stocks remained volatile last week, with investors growing increasingly concerned about the deadlock between the Congress and the White House over the new covid-19 rescue package. Although President Donald Trump signed orders last week to extend provide some relief,
Even Lackluster Jobs Data Takes Wall Street a Notch Higher
US stocks opened sharply higher last week despite a stalemate in talks on the new government stimulus package intended to support workers amid the coronavirus-induced economic recession. Markets were encouraged by an upbeat manufacturing report, which took the manufacturing PMI
GAFA Tech Giants Provide a Boost to US Stocks
US stocks opened the week higher after closing the previous week on a negative note. as investors braced for the busiest week of earnings, while keeping an eye on discussing around the covid-19 rescue program. Positive news regarding progress on
US Stocks in the Red with Traders Shrugging Off Positive Covid-19 Vaccine News Amid Flaring US-China Tensions
US stocks had started last week on a positive note, with the Nasdaq notching a record close on Monday, as markets enthusiastically awaited quarterly results from major companies. Investors rejoiced positive news related to coronavirus vaccine candidates. AstraZeneca and the
Wall Street Remains Volatile as Vaccine Optimism Gets Dampened by Rising Infections
US stocks started the week on a strong note on Monday last week, as investors cheered news of positive trial results for covid-19 vaccine candidates. Pfizer reported that two of its vaccine candidates had been awarded FDA’s Fast Track designation.
Nasdaq Hits New Highs Amid Record Surge in Covid-19 Infections
US stocks started the week on a positive note after China’s blue-chip stocks surged to multi-year highs. As coronavirus cases continued to rise in various states in the US and other parts of the world, tech stocks climbed, taking the