Wall Street Opens Up

Wall Street Opens Up

US stocks open higher amid virus volatility | Malay Mail

US stocks open higher amid virus volatility | Malay Mail

9/4/2020 11:02:00 AM

US stocks open higher amid virus volatility | Malay Mail

NEW YORK, April 8 — Wall Street stocks rose early today as markets weighed the latest figures on the coronavirus against the prospects for additional measures to prop up the economy. About 12 minutes into trading, the Dow Jones Industrial Average stood at 22,939.55, up 1.3 per cent. The...

Wednesday, 08 Apr 2020 09:54 PM MYTThe broad-based S&P saw gains at opening. — Reuters picNEW YORK, April 8 — Wall Street stocks rose early today as markets weighed the latest figures on the coronavirus against the prospects for additional measures to prop up the economy.

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About 12 minutes into trading, the Dow Jones Industrial Average stood at 22,939.55, up 1.3 per cent.The broad-based S&P 500 gained 1.1 per cent to 2,688.83, while the tech-rich Nasdaq Composite Index advanced 1.2 per cent to 7,977.72.Analysts greeted the positive open today, but noted that a rally petered out the day before when the Dow finished negative after earlier in the session gaining nearly 1,000 points.

Investors have embraced some data showing that the growth in coronavirus cases may be leveling off in hotspots such as New York City.At the same time, the number of cases globally continues to swell, with fatalities topping 82,000 as of 1100 GMT.The economic hit from the shutdowns continues to mount, with the World Trade Organisation warning that global trade will plunge by up to a third due to the pandemic and saying the outbreak could cause the deepest recession “of our lifetimes.”

Lawmakers in Washington are pushing ahead with additional stimulus measures, while the Federal Reserve is due later Wednesday to release minutes of an emergency meeting last month that led to its decision to cut interest rates. — AFP Read more: Malay Mail »

US approves Google request to use segment of US-Asia undersea cable | Malay MailWASHINGTON, April 9 ― The Federal Communications Commission (FCC) yesterday approved Alphabet Inc unit Google's request to use part of an US-Asia undersea telecommunications cable after the company warned it would face significantly higher prices to carry traffic by other means. Google agreed to...

Petronas counters rise on new oil discovery in US Gulf of Mexico | Malay MailKUALA LUMPUR, April 7 — Petronas-linked counters were among the contributors that lifted the FBM KLCI today following an announcement of an oil discovery in the Monument exploration well in the US Gulf of Mexico. It was Petronas’ first entry and discovery in the oil and gas (O&G) operations...

Covid-19: Recoveries top new cases, two new deaths | Malay MailKUALA LUMPUR, April 8 — Health director-general Datuk Dr Noor Hisham Abdullah today said 15 Covid-19 patients previously in intensive care units (ICU) have been transferred to regular wards. He said there have also been 166 recoveries in the last 24 hours, surpassing the 156 new positive cases...

What the virus taught us: Self-sufficiency shouldn't be the goal | Malay MailAPRIL 8 — As I attempt to keep sane during this extended period of self-isolation, it is hard not to be irked by the constant missteps made by those who should have really thought things through. The good news is since my last column, hardware stores as well as pet supply stores are now allowed...

US planning ways to ‘ease’ back to normal if virus efforts work | Malay MailWASHINGTON, April 8 — US health officials are planning ways for the country to return to normal activities if distancing and other steps to mitigate Covid-19 this month prove successful in curbing the outbreak, the top US infectious disease official said on Wednesday. The Trump administration has...

China sees slight rise in new virus infections as imported cases jump | Malay MailBEIJING, April 9 — China reported a slight increase in new coronavirus cases for the second straight day, as the number of infections involving incoming overseas travellers hit a two-week high. China reported 63 new cases yesterday, up from 62 a day earlier, the National Health Commission said....