Wall Street climbs on hopeful coronavirus signs, healthcare lift
NEW YORK - U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders’ decision to suspend his presidential campaign.
Stocks opened higher after President Donald Trump said Americans might be getting to the top of the “curve” in relation to the outbreak. New York Governor Andrew Cuomo said the state’s efforts at social distancing were working in getting the virus under control in one of the biggest hotspots in the country.
“The key focus of ‘peak.’ That seems to be on every investor’s mind right now is when will coronavirus cases peak,” said Eric Freedman, chief investment officer at U.S. Bank Wealth Management in North Carolina. “At some point the economic considerations really start to materialize. Plus, what will that transmission mechanism be for the economy, meaning in what phase will the economy be restarted.”
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.
Bruce Springsteen to Guest-DJ on E Street Radio WednesdayUPDATED: Contrary to a prior report, Bruce Springsteen will not be performing on E Street Radio Wednesday — he will be guest-DJing. Since he can’t pop into the Stone Pony to play a surprise set, B…
Lire la suite »
Wall Street gains on signs of coronavirus slowdownWall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working.
Lire la suite »
US stock futures mixed after Wall Street rallyUS stock futures were mixed in after-hours trading following a Wall Street rally as investors' hopes for a coronavirus recovery continue to grow
Lire la suite »
Oil drop saps gains as Wall Street fades lateWall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling.
Lire la suite »
Wall Street volatility raises fears of another selloffThe evaporation of a rally on Wall Street in the closing minutes of Tuesday's session shows that many investors fear the U.S. stock market is in danger of a renewed tumble due to uncertainty surrounding the coronavirus pandemic.
Lire la suite »
How Wall Street is responding to the coronavirus pandemic - Business InsiderA trading bonanza while WFH: Here's everything we know about how WallStreet giants are responding to the coronavirus pandemic
Lire la suite »