U.S. stocks rebounded from a late-session selloff as investors keyed on signs the American economy will continue to reopen
The S&P 500 jumped more than 1.5% after Lowe’s Cos. and Target Corp. reported sales that topped estimates. The index plunged about 1% in the final hour Tuesday after a report that cast doubt on the promise of a virus vaccine. Gains were broad, with financials, industrial and energy groups leading. The index is up more than 30% since its March low, but the advance has largely petered out in May as volatility returned.
The Stoxx Europe 600 Index erased an early decline, with Experian among the top advancers after the Irish credit-services firm weathered the pandemic better than analysts expected. The euro headed for its fourth straight advance versus the dollar as expectations built for the approval of a region-wide stimulus plan. Gilts climbed as the U.K. sold bonds at a negative yield for the first time.Investors have been whipsawed by conflicting news regarding a possible vaccine for the virus and many governments around the world ease lockdowns even as the pandemic continues to spread, with Brazil now the world’s hotspot for new infections.
Elsewhere, equity benchmarks in Japan and India saw the bulk of gains in a mixed Asian session, with Shanghai and Hong Kong in the red. In Japan, the Tokyo Stock Exchange was among stocks that surged amid speculation that it may be a contender to join the Nikkei 225 equity index. South Africa’s rand soared as much as 2% against the dollar, with the country’s central bank seen slashing its policy rate to a record low on Thursday to bolster the economy.The S&P 500 index increased 1.
Get our Boiling Point newsletter for the latest on the power sector, water wars and more — and what they mean for California.
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.
Treasury yields slide with coronavirus vaccine efforts, reopening in focusU.S. government debt prices were higher on Wednesday morning amid a volatile week on Wall Street, with investors monitoring progress on a coronavirus vaccine and economic reopening efforts.
Lire la suite »
European stocks extend gains from Monday's rally as airlines rallyEuropean stocks extended gains on Tuesday, after the sensational rally the previous session on news of a Franco-German proposal for a 500 billion euro...
Lire la suite »
Salons in California a ‘Few Weeks’ From Reopening, Governor SaysCalifornia appears to be picking up speed in its reopening plans amid the coronavirus pandemic.
Lire la suite »
Oil rises on signs of firmer demand, fall in U.S. crude stocksOil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus pandemic capped gains.
Lire la suite »
Dow drops more than 300 points to snap 3-day winning streak, Home Depot and Walmart fallStocks fell on Tuesday after the market scored its best session in 6 weeks on Monday on rising optimism about a coronavirus vaccine. Here's how the major averages performed: - The Dow fell 390 points. - The S&P 500 lost 1.05%. - The Nasdaq fell .54%.
Lire la suite »
U.S. death toll in coronavirus outbreak surpasses 90,000COVID-19 deaths in U.S. surpass 90,000 as hard-hit New York inches toward reopening.
Lire la suite »