Alphabet was the latest to re-enter the $1 trillion club, reaching a $1.02 market cap on June 6. GOOGL stock added 2.02% yesterday to close at $1,499.65 but slightly declined to $1,495.05 per share in the pre-market today.
Against the popular opinion, JPMorgan says that a win of Joe Biden in the U.S. Presidential Election 2020 could be a positive for the markets. JPMorgan predicts that his victory can ease tariffs on China and boost infrastructure spending.
The stock market continues to stay hopeful with new developments in COVID-19 drug vaccines and strong U.S. manufacturing activity for the month of June.
Following Tesla’s progressive growth, TSLA stock now has all chances of being included in S&P 500. This has become known from a leaked email.
While in Q2 2020 the stock markets have managed to rebound considerably well after a major correction in Q1 2020, the Fed Chairman and Treasury Secretary warned that failing to control the rising COVID-19 cases can put major pressure on the U.S. economy.
The global markets remain jittery as the total COVID-19 death count crosses the half-a-million mark. The WHO has warned of the latest acceleration in global access and called for new measures to combat this pandemic through public-private partnerships.
Rising COVID-19 cases spoil the show for the markets on Wednesday. The U.S. has reported the single biggest spike on June 24 beating all previous records and thereby putting the chances of economic recovery under pressure.
With the U.S. government showing the readiness to pump more stimulus in the economy, the investors are hopeful of faster recovery than expected. The latest data shows that the U.S. manufacturing contraction has slowed post the reopening of the economy in June.
On June 22, Dow climbed by 153 points, a 0.6% increase to the level of 26,024.96. In the pre-market today, Dow futures are 309 points up.
As coronavirus cases all over the world began to rise again, European stocks are feeling the heat and have started to fall, with many of them being afraid of increased lockdown.
Bitcoin and S&P are correlated – that’s the idea that has been once again voiced by the prominent analyst known as Plan B.
In a major breakthrough, researchers from England have discovered that Dexamethasone can help to reduce deaths by one-third for COVID-19 patients under critical conditions. Markets reacted positively to the news.
Another Fed stimulus package is expected as the U.S. authorities are trying to push the economy forward. Global financial markets are rising in response.
Expanding its earlier decision to buy corporate bonds from the primary market, the Fed announced that it will also buy individual corporate bonds from the secondary markets, with a maturity period of five years or less. Dow Jones reacted with a growth.
Several states in America have reported recent spikes in COVID-19 cases as measures are eased throughout the country. The market has reacted with a drop.