US Markets Recover Last Week’s Losses Following Fed Announcement; Investors Shrug-Off Rising Covid-19 Cases
US stocks clawed back some of its losses last week, after nosediving the week before. Markets were supported by the Federal Reserve’s announcement on Monday around its plans to begin buying individual corporate bonds in addition to the ETFs already
US Markets Tumble on Fed’s Grim Outlook; Nasdaq Retreats From 10,000 Level
After surging for several weeks on hopes of a fast rebound in the economy, US stocks struggled to carry the momentum forward last week. The major US indices recorded sharp losses for the week, despite the Nasdaq breaching the 10,000
US Jobs Report Triggers Bullish Pennant in the Stock Market
The last trading day of the week brought a big surprise to the markets, as the May jobs report showed an unexpected increase in payroll numbers and a decline in the unemployment rate. The Bureau of Labor Statistics Friday reported
US Stocks Extend Last Week’s Rally on Reopening Optimism, Washington-Beijing Tensions Remain
The holiday-shortened week started on a positive note with another pharma company announcing development plans for its novel coronavirus vaccine candidate. Novavax disclosed on Monday that it had started the Phase 1 clinical study for its covid-19 candidate, NVX-CoV2373, and
Markets Brush off US-China Tensions and Surge on Covid-19 Vaccine News
Last week started on a positive note with Moderna being among the latest companies to announce encouraging interim Phase 1 data for a covid-19 vaccine candidate. The company, which is partnering with the National Institutes of Health, said that its
Powell’s Remarks Dampen Reopening Optimism
Last week started with excitement around the reopening of most economies around the world, businesses beginning to open their shutters and people getting ready to move out of their homes. But the euphoria didn’t last long. The bears began their