The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the US economy was on the horizon.
But the S&P 500 is still down about 4 per cent on the year, and gains in June stood just over 1 per cent due to the flare-up in virus cases that has threatened to delay reopenings and derail a tentative economic recovery. Federal Reserve Chairman Jerome Powell reiterated in comments on Tuesday that the path of the economy is "highly uncertain."Unofficially, the Dow Jones Industrial Average rose 241.16 points, or 0.94 per cent, to 25,836.96, the S&P 500 gained 48.
"What everybody sees is if we can get something that puts an end to the spread or the spread becomes less, there is literally so much money out there that the Fed has put out there that when we turn, it is going to be a rocket ship the other way," said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.
Gains were capped on the Dow, pressured by a drop in Boeing, as the airplane maker gave back some of Monday's 14 per cent surge after Norwegian Air cancelled orders for 97 aircraft and said it would claim compensation.
Trump 2020
Didn’t the Fed also increase their balance sheet by the most.....ever? But no one talks about that......
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Man jailed for eight years after killing WA mother following random meeting on the streetAmos Ryan Gunn is sentenced to eight years behind bars after pleading guilty to the manslaughter of a 30-year-old woman known as Ms Dann who he invited back to his house in WA's Wheatbelt. One read, 'The chicken is dead mate or fox or something, I'm not sure how to put it', and another said his housemates were not responding but 'I've got it under wraps'. What the hell does that mean? May She Rest In Peace... 🙏🕊😢❤️ 8 years?!
Source: abcnews - 🏆 5. / 83 Read more »
Australian share market opens deeply in the redThe Australian share market opens firmly in the red, after rising coronavirus cases in the United States saw a sharp sell-off on Wall Street on Friday. I eat Australia's rice and natural cheese easily, so I eat them every day. I personally love foreign products, and I don't have the image of a deficit.😋 Having virtually sold-off the farm and seen many industries depart overseas or go-under, is it any wonder the AUS share market is in turmoil. Successive governments appear oblivious to the domestic damage being done. It's not just a health crisis we're in. And no, the Gov just handing out money doesn't solve the problem either
Source: abcnews - 🏆 5. / 83 Read more »
Police offer $1m reward to help solve Sydney boy's deathA reward to help find the person who killed a Sydney boy in a house fire has been boosted from $100,000 to $1 million. 9News Reporting a female child molester also reported to the police for murder name is raquel macdonald martinho portuguese age 28 instagram is murdered Hugo Palmer and Erwan Ferrieux in February 2019 in Australia please provide any information
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Hong Kong protesters could reach 1M amid passing of National Security laws | Sky News AustraliaThe Wall Street Journal’s China Bureau Chief Jonathan Cheng says there could be more than one million protesters on the streets of Hong Kong on the anniversary of 1997 Hong Kong transfer.\n\nMainland China has officially passed the new national security laws which will be imposed on Hong Kong which cover the issues of secession, subversion, and terrorism.\n\n Mr Cheng said the general content of the bill is widely understood but there is growing confusion about the specific details.\n\nHe said the annual July 1 protests in Hong Kong in 2019 were one of the reasons these new laws have been legislated, and while the official Hong Kong ceremony will occur to celebrate the official handover, there will be thousands if not more than a million protesting.\n\n“There is big motivation on the part of many of these people who don’t like the national security bill to get on the street tomorrow”.\n\nHowever, Mr Cheng told Sky News host Peter Gleeson the bill was passed “precisely to stifle that sort of behaviour and punish that sort of behaviour”. \n\nImage: AP JChengWSJ Meanwhile Fox News won't speak out against the degradation of democracy by their man Trump.
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'Fasten your seatbelts': Sharemarket mayhem set to continue2020 has seen both the most destructive sell-off since the Great Depression and Wall Street's best quarter in 22 years. And the rollercoaster ride is set to continue. to make money. It’s also completely controlled by the Fed.
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Man jailed for eight years after killing WA mother following random meeting on the streetAmos Ryan Gunn is sentenced to eight years behind bars after pleading guilty to the manslaughter of a 30-year-old woman known as Ms Dann who he invited back to his house in WA's Wheatbelt. One read, 'The chicken is dead mate or fox or something, I'm not sure how to put it', and another said his housemates were not responding but 'I've got it under wraps'. What the hell does that mean? May She Rest In Peace... 🙏🕊😢❤️ 8 years?!
Source: abcnews - 🏆 5. / 83 Read more »