S&P 500, Nasdaq at all-time highs on COVID-19 treatment hopes

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The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients.

FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

The World Health Organization, however, was cautious about endorsing the treatment, citing “low quality” evidence that it works. “Everyone is focused on the same thing and that’s eradicating the virus, whether it’s through treatment, but preferably from vaccines,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York.

A key event this week would be the address by Federal Reserve Chair Jerome Powell at the Kansas City Fed Jackson Hole symposium, where he will talk on the monetary policy framework review.

 

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⚠️ANOTHER REASON TO STOP MANDATORY MASK...ESPECIALLY IN CHILDREN. STAPH INFECTION. Child abuse... The cure is more devastating than the virus. OpenAmericaNow MAGA2020 🇺🇸

Fed led ponzi scheme waiting for Sept/Oct cliff jumping contest?

It’s so funny to watch it go up at mere mention of a treatment and then plummet when it turns out to be nothing

It rises on tRumps lies. Ffs

check your charts again

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