The market showed overall strength for the 5th-straight session on Wednesday, powered by shares of technology and e-commerce shares. News of progress on corona virus vaccine trials and expectations for the Federal Reserve to signal it will keep monetary policy easy in a speech by Chairman Jerome Powell on Thursday also helped sentiment.The Nasdaq closed at 11,665 (+1.7%) after tagging a fresh...
Continue reading >>The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day. Despite the flat session, the major indexes posted another winning week and remain on track to test old and new higher highs after advancing their winning streaks...
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Continue reading >>The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day. Despite the flat session, the major indexes posted another winning week and remain on track to test old and new higher highs after advancing their winning streaks...
Continue reading >>Nothing like the recovery in the US stock market has ever been seen before. After the Wall Street Crash of 1929, the time it took for shares to regain their previous peak was measured in decades. After the global financial crisis of 2008, it was measured in years. This time it has taken less than five months – from a low on 23 March – for the S&P 500 to regain all its lost ground and hit...
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