The Federal Reserve published the beige book report on US economic activity stating that employment increased in almost all districts, although growth remained slow. In addition, it states that economic activity continued to increase in all districts, with a growth rate characterized as mild to modest in most. Key notes Changes in activity varied greatly […]
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US stocks open higher, focus on stimulus talks
US stocks rise on optimism about a pre-election stimulus. The talks will continue on Wednesday amid opposition from the Republican Party. The main US stock indices opened higher Wednesday amid growing confidence that US lawmakers can reach an agreement on a new coronavirus aid package. US President Donald Trump raised hopes for a stimulus breakthrough […]
The S&P 500 remains above 3,450 with the focus on US fiscal stimulus talks.
US stocks open strong gains amid hopes of additional US fiscal stimulus. Recent nervousness over the coronavirus could weigh on optimism and limit the rise. The main US stock indices have opened with strong gains on Tuesday and they have recovered part of the strong setback of the previous day. The hope that US lawmakers […]
Farah expresses cautious optimism about fiscal stimulus
The White House spokeswoman, Alyssa Farah, has said she is cautiously optimistic about House Speaker Nancy Pelosi and that she is moving toward a stimulus package., while talking to Fox News. Pelosi, a Democrat, will make a call with Treasury Secretary Steven Mnuchin around 19:00 GMT. Negotiations for an aid package have received a New […]
JB Hunt Transport Services Inc Shares Drop 9% on Lousy Third Quarter Figures
The S&P 500 Index is holding on to modest daily gains on Friday. Shares of JB Hunt Transport Services Inc (JBHT: NASDAQ) are down sharply after disappointing third-quarter earnings. Shares of General Electric Co (GE: NYSE) are up more than 5%. The S&P 500 Index (SPX) It opened modestly higher on today’s strong US retail […]
NASDAQ) down nearly 20%
The S&P 500 opened sharply lower, but eliminated most of the daily losses. Shares of Vertex Pharmaceuticals Inc (VRTX: NASDAQ) are suffering heavy losses. Energy stocks rally after Apache Corp (APA: NASDAQ) leads the winners. The S&P 500 Index (SPX) It opened deep into negative territory on Thursday and touched its lowest level in a […]
S&P 500 opens deep lower for third day in a row
The major Wall Street indices are posting heavy losses. All major sectors of the S&P 500 are trading in negative territory. US Treasury Secretary Mnuchin says it will be difficult to reach an agreement on COVID aid. The main US stock indices They opened sharply lower on Thursday as safe-haven flows continue to dominate financial […]
S&P 500 Top Moves: Concho Resources Inc (CXO: NYSE) Leads Energy Stock Rally
The S&P 500 is looking to close the second day in a row in negative territory. Concho Resources Inc (CXO: NYSE) shares have the highest daily percentage gain. Financial stocks slide on poor prospects Wednesday. The S&P 500 Index (SPX) It opened modestly higher on Wednesday, but reversed its direction under pressure from concerns that […]
S&P 500 opens modestly higher supported by surge in energy sector stocks
The major stock indices open little changed on Wednesday. The S&P 500 Energy Sector Index gains more than 1%. Defensive sectors post modest losses at open. The main Wall Street indices have modestly started up Wednesday, as investors appear to be on the sidelines as they await further developments around the US stimulus talks. At […]