S&P 500 hitting record territory

 

Stocks continue to shrug off the latest U.S.-China tensions as President Trump explores a variety of tax cuts  while lawmakers attempt to restart talks over a covid-19 stimulus package. Contracts tied to the S&P 500 suggest increase at the opening bell gain. Dow futures are recording even bigger gains as investors extend a rotation into growth value stocks.

The broader market index gained 0.5% and was within half a percent of reaching its Feb. 19 record of 3,393.52. The Dow Jones Industrial Average jumped 350 points, or 1.3%. The Nasdaq Composite struggled, however, sliding 0.4%.

Photo by Austin Distel on Unsplash

Why stocks are soaring even as coronavirus cases surge, at least 20 million remain unemployed and the US sinks into recession

Walmart Will Now Take a Lead Over Amazon Prime

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: