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NEW YORK: News this month of three promising coronavirus vaccines has helped push the Dow Jones Industrial Average over 30,000, but some investors worry that slow vaccination rates may weaken next year’s expected economic recovery.
There is absolutely no question that amid the commercial carnage unleashed by coronavirus, the biggest winners have been the Silicon Valley behemoths.
NEW YORK, Nov. 28 (Xinhua) -- U.S. stocks advanced in the holiday-abbreviated week as Wall Street continued to weigh economic impact from the surging COVID-19 infections while digesting a slew of economic data.
NEW YORK: Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.
AMID a short working week in the United States in conjunction with Thanksgiving holiday, the dollar weakened by 0.43% to 91.99 – hitting the lowest level since January 2018 on the back of easing political noises after President Trump accepted that President-elect Joe Biden’s transition into the White House must begin as well as ongoing vaccine optimism.
There have been big swings in the domestic market as strong bullish sentiment over a recovery is held in check by equally strong profit-taking from investors wary of being overly optimistic amid the ongoing pandemic.
SHARES in Top Glove Corp Bhd buckled this week as the company’s sprawling manufacturing site in Klang, Selangor was put under enhanced movement control order (EMCO) for two weeks since Nov 17 following a surge in new Covid-19 cases.
WASHINGTON: Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns.