The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.
“There’s been a broadening in this rally and that’s what’s reflected in the transports,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “ volume is accompanying this expanding breadth, and those are all bullish things.” The Trump administration is considering fast-tracking an experimental COVID-19 vaccine being developed by AstraZeneca Plc and Oxford University in hopes it could be deployed in the United States before Americans head to the polls in November.
On Capitol Hill, Democrats and Republicans remained at loggerheads over funding levels and unemployment benefits. Ahead of its 4-to-1 share split on Friday, Apple Inc provided the biggest boost to the S&P 500 and the Nasdaq, its share price closing above $500 days after becoming the first public U.S. company to top $2 trillion in market value. The stock gained 1.2%.Advancing issues outnumbered declining ones on the NYSE by a 2.52-to-1 ratio; on Nasdaq, a 1.26-to-1 ratio favored advancers.
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: YahooNews - 🏆 380. / 59 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »