Stocks And Shares, Dow Jones, Nasdaq, Coronavırus

Stocks And Shares, Dow Jones

Wall Street ends week on high note, Dow finishes up 3 per cent

Wall Street ends week on high note, Dow finishes up 3 per cent

18/4/2020 12:06:00 AM

Wall Street ends week on high note, Dow finishes up 3 per cent

NEW YORK (AFP) - Wall Street stocks finished sharply higher on Friday (April 17), closing out a second week of gains as US officials moved forward with plans to gradually reopen the economy.. Read more at straitstimes.com.

The Dow Jones Industrial Average added more than 700 points, or 3 per cent, ending at 24,242.49.The broad-based S&P 500 gained 2.7 per cent to 2,874.56, while the tech-rich Nasdaq Composite Index advanced 1.4 per cent to 8,650.14.Analysts pointed to a number of positive catalysts, including a report of promising research on a Gilead Sciences drug to treat coronavirus, Boeing's announcement that it will resume US commercial plane production and the release of a White House blueprint to reopen the economy.

1,178 new COVID cases, 3 more deaths reported in Singapore Calls grow among experts in Singapore for mandatory vaccination as Covid-19 cases spike 62-year-old woman among three COVID-19 deaths; 1,173 new local cases reported in Singapore

In one of the first moves by a major US state, Texas Governor Greg Abbott approved retailers to employ a"to go" model that requires reopened stores to deliver items to customers' cars or homes.But Abbott said Texas schools would remain closed for the remainder of the 2019-2020 school year.

TD Ameritrade chief market strategist JJ Kinahan cautioned investors not to expect the recovery to come quickly."Investors seem optimistic that there's light at the end of the tunnel," Kinahan said."Investors should be cautious though, as the 'getting going' might end up being slower than expected." headtopics.com

All three major US indices finished the week higher, shrugging off atrocious economic data, including another spike in jobless claims and a big drop in retail sales.Boeing jumped 14.5 per cent after announcing it will begin to ramp production back up at its Washington state commercial plane plants, bringing back around 27,000 workers.

Gilead surged 9.7 per cent following a news report about promising research on an antiviral medication from the drugmaker being tested to treat the coronavirus.Apple dropped 1.4 per cent following a downgrade from Goldman Sachs, which predicted weak demand for iPhones due to the economic slowdown.

Read more: The Straits Times »

Permission to Dance? BTS sing their way through United Nations

NEW YORK — Fully vaccinated South Korean band BTS danced its way through the United Nations (UN) in a Monday (Sept 20) broadcast, promoting global goals tackling poverty, inequality, injustice and climate change ahead of the annual UN gathering of world leaders.

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US: Wall St up on hopes of lockdown easing, jobless claims[NEW YORK] US stock markets opened higher on Thursday as data showed weekly jobless claims fell slightly from the previous week and on hopes President Donald Trump would push to relax strict lockdowns imposed to contain the coronavirus outbreak. Read more at The Business Times.

Street artist Banksy is also on lockdown – so he did his latest work in the bathroomHe posted photos of his latest rats-infested work on Instagram, commenting: 'My wife hates it when I work from home'.

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Asia shares up as plans to re-open U.S economy offset record slump in China GDPAsian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver ...