Futures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening as investors looked to extend Wall Street's robust gains so far this week.
sharp rallies in the major stock indexesThe Nasdaq Composite and S&P 500 both extended week-to-date gains during Wednesday's regular trading session and finished the day up 2% and 1.6% respectively. The broad S&P 500 closed at its highest level since March 6 Wednesday afternoon.
The Dow industrials, meanwhile, finished Wednesday's trading up 369 points, or 1.5%, as Apple, Disney and McDonald's all added at least 30 points to the blue-chip index amid a surge in reopening optimism. The S&P 500, Nasdaq Composite and Dow are up 3.7%, 4% and 3.7% since Monday. Popular consumer internet names including Facebook and Amazon both clinched new all-time highs on Wednesday as investors cheered the former's new e-commerce venture and the latter's continued success in delivering goods to Americans during the Covid-19 outbreak.
But investors say the broader strength this week is in large part thanks to state efforts to ease stay-at-home orders and begin lifting restrictions on business. Connecticut, for example, began on Wednesday to allow residents to dine in at restaurants with outdoor seating. That partial reopening came a day after New York Gov. Andrew Cuomo said that the pandemic is back down to where it started in the Empire State.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock futures fall slightly, continuing volatile week on Wall StreetStocks are flat following Tuesday's drop in the Dow Jones Industrial Average.
Lire la suite »
Breakingviews - Corona Capital: China on Wall Street, Wind power(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Lire la suite »
Stocks open higher on Wall Street a day after a late slideStocks open broadly higher on Wall Street as investors regain their confidence following a sudden drop a day earlier. Big-name investor favorites like Facebook, Apple and Amazon helped pull the market higher.
Lire la suite »
Most investors don't think this rally is for real, according to widely followed Wall Street surveyAmid a surge that has seen the S&P 500 rise 32% since the March 23 trough, some 68% of survey respondents called the move a 'bear market rally.'
Lire la suite »
Wall Street climbs as investors hold out for recovery; Nasdaq at three-month highWall Street's main indexes surged and the Nasdaq hit its highest level in three months on Wednesday as investors clung to hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors.
Lire la suite »
Mariachis delight quarantined Colombians with jolts of street music'There isn't money left to buy food, let alone pay rent,' said Ramirez, who plays music in the streets of Colombia to help allay some costs.
Lire la suite »