Here's what you need to know before markets open.The Bank of England said on Thursday that policymakers do not expect a swift economic rebound to pre-pandemic levels anytime soon, and held interest rates unchanged. Investors should price that at least one vaccine will be developed by year end which could drive the S&P 500 up 11%, Goldman Sachs said.
The rally comes after Warren Buffett's company made a $10 billion acquisition, apparently repurchased more than $5 billion of its own stock, and shelled out close to $2.1 billion on Bank of America stock in 12 days.When NASA astronauts Doug Hurley and Bob Behnken successfully reached the International Space Station in their SpaceX Crew Dragon capsule May 31, calls started pouring into Morgan Stanley's phone lines.
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