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NEW YORK: Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector’s hardest-hit names.
MINNEAPOLIS (Reuters) - At a little past midnight on Saturday as smoke billowed and flames rose from the tops of a nearby bank and a post office building, Minneapolis grocery store owner Mohammad Abdi knew he had a critical business decision to make.
NEW YORK: U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Higher level of due diligence is given to sectors deemed vulnerable to Covid-19
NEW YORK CITY: A hard-to-see shift in how Wall Street views the future of S&P 500 profits may have set the stage for days like today, when stocks are rising the most in nearly three weeks.
TOKYO: Asian shares were mostly higher on Friday (May 15) after meandering on news about economies reopening, mixed with worries about the prolonged health risks from the Covid-19 (coronavirus) pandemic.
NEW YORK: Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S. economy can emerge from its coronavirus-fueled slowdown
The pandemic is playing to the strengths of the biggest digital players, as seen in their earnings results for the quarter ending in March.