Stocks rally on virus vaccine hopes, dollar gains


Stocks NYSE two

NEW YORK: The dollar gained and a gauge of global equity markets surged for a third day on Wednesday, as investors cheered expectations of more central bank stimulus and reports that scientists were developing a vaccine for the deadly coronavirus.

U.S Treasury yields rose on early reports that a Chinese university team found a drug to treat people infected with the virus while UK researchers said they made a "significant breakthrough" in finding a vaccine.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
stocks , shares , markets , Wall Street , Dow Jones , Nasdaq , S&P , China , US , virus , vaccine , dollar , oil ,

Next In Business News

Australian bourse operator ASX appoints Dexus' Keir Barnes as next CFO
Tech leads shares higher in Asia, oil eases
Renewable energy stocks surge on CRESS boost
Foreign investors return to Bursa Malaysia with RM127mil net inflow
Bursa Malaysia stays subdued; renewable energy stocks buck trend
Ringgit opens mixed against major, Asean currencies after BOJ rate hike
Trading ideas: AirAsia, EcoWorld, TMK Chemical, Zetrix AI, Jati Tinggi, Vestland, Capital A, TSR Capital, ES Sunlogy
Berkshire to preserve culture as Buffett steps down
Uneven gains ahead for semiconductors
Nvidia-backed DC firm Nscale files for listing

Others Also Read