Markets

US stocks gain as investors await a flood of earnings reports

US stocks gained on Tuesday after two straight days of losses last week as investors await a flood of earnings reports including tech giant Netflix in the week ahead. Janet Yellen urged lawmakers at her Senate confirmation hearing on Tuesday morning that now is the time to “act big” on […]
US stocks gain as investors await a flood of earnings reports
Markets

A Biden win could spur a ‘knee-jerk’ 5% pullback in the stock market, but investors should seize the buying opportunity, Credit Suisse strategist says

Suresh Tantia of Credit Suisse told CNBC on Thursday that a Joe Biden win could spur a “knee-jerk” 5% pullback in the stock market given the Democratic nominee’s stance on corporate taxes. However, this pullback will be a buying opportunity for investors because long-term Fed support will continue to drive […]
A Biden win could spur a ‘knee-jerk’ 5% pullback in the stock market, but investors should seize the buying opportunity, Credit Suisse strategist says
Markets

BlackRock says European stocks will beat their US peers going forward due to superior virus response

BlackRock upgraded European equities to “overweight” from “underweight” in its mid-year outlook, citing the region’s strong policy and public health response to the coronavirus pandemic. The firm also downgraded US stocks to “neutral” from “overweight,” as surging coronavirus case counts and fading stimulus measures pose a risk to the market’s […]
BlackRock says European stocks will beat their US peers going forward due to superior virus response
Markets

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European Commission proposed an $US826 billion stimulus package intended to aid recovery from the coronavirus-induced recession. A midday swoon was alleviated when chipmaker Micron issued a quarterly sales forecast […]
Dow soars 553 points on mounting optimism around a strong economic recovery
Markets

Dow climbs 325 points as investors cheer efforts to boost global economies

US stocks rose Wednesday as investors were encouraged by signs that global authorities are taking measures to boost economies. The European Commission on Wednesday proposed a $US826 billion stimulus package intended to aid recovery from the coronavirus-induced recession. Oil slipped after a report from the IEA forecasting a record drop […]
Dow climbs 325 points as investors cheer efforts to boost global economies
Markets

Dow gains 369 points as investors consider economic-reopening prospects

US stocks rose on Wednesday as investors looked to positive signs of economic reopenings from coronavirus shutdowns. Retailers continued to release earnings, with Lowe’s gaining and Target declining after premarket reports. Oil rose ahead of a key report due Wednesday from the US Energy Information Administration. Read more on Business […]
Dow gains 369 points as investors consider economic-reopening prospects
Markets

Dow climbs 350 points as investors weigh economic-reopening prospects

US stocks rose Wednesday as investors looked to positive signs around economic reopenings from coronavirus-induced shutdowns. Retailers continued to release earnings, with Lowe’s gaining and Target declining after premarket reports. Oil rose ahead of a key report due Wednesday from the US Energy Information Administration. Read more on Business Insider. […]
Dow climbs 350 points as investors weigh economic-reopening prospects
Markets

Dow falls 270 points as jobless-claims figures show extent of coronavirus damage

US stocks fell Thursday as investors reacted to another dismal jobless-claims report. 3 million Americans filed for unemployment last week, bringing the eight-week total to more than 36 million. Geopolitical tensions escalated after President Trump told Fox Business that the US could “cut off” the nation’s relationship with China. Read […]
Dow falls 270 points as jobless-claims figures show extent of coronavirus damage
Markets

US stocks close mixed as dismal jobs report offsets tech gains

US stocks closed mixed on Wednesday as a dismal ADP jobs report offsets tech gains. The Nasdaq Composite index climbed, while the S&P 500 and Dow Jones industrial average slid. The ADP report showed that US companies lost 20.2 million jobs in April. The government’s April jobs report is due […]
US stocks close mixed as dismal jobs report offsets tech gains
Markets

US stocks climb as economic reopening hope offsets dismal jobs report

US stocks rose Wednesday amid continued efforts by the US government to reopen the economy. Investors looked past a dismal report from ADP showing US companies lost 20.2 million jobs in April. The government April jobs report is due Friday. General Motors exceeded profit forecasts in its quarterly earnings report. […]
US stocks climb as economic reopening hope offsets dismal jobs report
Markets

Dow climbs 457 points as oil rallies from historic lows

US stocks rose on Wednesday as the price of West Texas Intermediate crude oil rebounded after falling into negative territory on Monday. Major US indexes gains reversed two consecutive days of losses. Investors are also weighing first-quarter earnings, which show how US companies fared in the early stages of the […]
Dow climbs 457 points as oil rallies from historic lows
Markets

Dow jumps 800 points as investors see signs of coronavirus slowing

US stocks rose Tuesday, continuing Monday’s rally, as investors were encouraged by signs that the coronavirus pandemic is slowing in major economies. New COVID-19 cases appear to be decelerating in the US, Spain, and Italy. On Monday, China reported no new deaths from the virus for the first time since […]
Dow jumps 800 points as investors see signs of coronavirus slowing
Markets

The coronavirus-induced recession could become a depression, PIMCO says

“Fiscal and monetary policy makers around the world will have to pull out all the stops to prevent what currently looks like an inevitable recession from turning into a depression,” Joachim Fels, an analyst at PIMCO, wrote in a note to clients Monday. A depression could send financial markets from […]
The coronavirus-induced recession could become a depression, PIMCO says
Markets

Bond yields are edging higher, easing stock market’s recession jitters

Markets are recovering after days of concern about a potential slowdown in US growth. US 10-year Treasury yields edged up to ease traders’ minds about the risk of recession. China continued its slump while US futures pushed higher. Markets eased a sigh of relief on Tuesday after traders fretting about […]
Bond yields are edging higher, easing stock market’s recession jitters
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