2206, 2020

US Markets Recover Last Week’s Losses Following Fed Announcement; Investors Shrug-Off Rising Covid-19 Cases

By |June 22nd, 2020|Categories: Finance|0 Comments

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

1506, 2020

US Markets Tumble on Fed’s Grim Outlook; Nasdaq Retreats From 10,000 Level

By |June 15th, 2020|Categories: Finance|0 Comments

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

806, 2020

US Jobs Report Triggers Bullish Pennant in the Stock Market

By |June 8th, 2020|Categories: Finance|0 Comments

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

106, 2020

US Stocks Extend Last Week’s Rally on Reopening Optimism, Washington-Beijing Tensions Remain

By |June 1st, 2020|Categories: Finance|0 Comments

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

2505, 2020

Markets Brush off US-China Tensions and Surge on Covid-19 Vaccine News

By |May 25th, 2020|Categories: Finance|0 Comments

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

1805, 2020

Powell’s Remarks Dampen Reopening Optimism

By |May 18th, 2020|Categories: Finance|0 Comments

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

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