Futures tick lower on jitters over Trump's China response

(Reuters) – The S&P 500 and the Dow were set to open lower on Friday as investors braced for a U.S. response to China’s national security law on Hong Kong, threatening to take the shine off another month of strong gains for Wall Street. President Donald Trump is due to make an announcement later in the day and has vowed […]

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Wall Street set for higher open as recovery hopes outweigh Sino-U.S.tensions

(Reuters) – Wall Street’s major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic recovery, eclipsing concerns over simmering tensions between the United States and China. Travel-related stocks, which were among the worst hit in the sell-off earlier this year, continued to outperform. United Airlines Holdings Inc (UAL.O), […]

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S&P 500 futures surge on recovery, vaccine hopes

(Reuters) – U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long weekend to overlook Sino-U.S. tensions. U.S. biotech group Novavax Inc (NVAX.O) jumped 21% in premarket trading as it joined the race to test coronavirus vaccine candidates on humans and enrolled its first participants. Merck & Co […]

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Wall Street closes with strong gains as recovery hopes offset pandemic fears

(Reuters) – Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower’s dire warnings about the U.S. response to the coronavirus pandemic. While all three major U.S. stock indexes ended the session solidly higher, they see-sawed for much of the day, with reopening state […]

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S&P 500 dips on fears of virus resurgence in economic reopening

New York (Reuters) – The S&P 500 dipped in choppy trading on Tuesday as the top U.S. infectious disease expert warned Congress that a premature opening of the nation’s economy could lead to additional outbreaks of the novel coronavirus. Investors were weighing the potential for a second wave of infections against hopes for a reopening of the United States economy […]

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Wall Street jumps as historic job losses fewer than feared

(Reuters) – Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared. All 11 S&P 500 sectors were positive, led by the beaten-up energy group .SPNY, which gained 4.3%. A 2.4% gain in Apple (AAPL.O) shares also lifted […]

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S&P 500, Nasdaq up as tech stocks rise; lockdown easing hopes persist

(Reuters) – The S&P 500 and Nasdaq rose on Wednesday on hopes of a pickup in business activity as states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in U.S. private payrolls last month. Four of the 11 major S&P sectors were trading higher, with the technology index leading gains, as traders bought into stocks […]

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Republicans postpone vote on controversial Fed nominee Shelton

WASHINGTON (Reuters) – Republicans in the U.S. Senate have postponed plans to advance Federal Reserve nominee Judy Shelton, according to a congressional source, heading off a fight over a figure who has drawn bipartisan skepticism for her controversial views. The Republican-controlled Senate Banking Committee had scheduled a May 5 vote on Shelton’s nomination, which, if successful, would have cleared the […]

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