Two Days of Stock Euphoria Show Risk Appetite Getting Gluttonous

Maybe it was possible to explain past strength in equities as a byproduct of megacap tech in the S&P 500, or strength in health care, or overexcitement for defensive trades. But two days of buy-everything rallies in stocks, a Nasdaq 100 near-record and a surge in bond yields suggest markets are becoming the site of an old-fashioned risk-on frenzy, signaling […]

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Wall Street closes sharply higher on signs of economic rebound

NEW YORK (Reuters) – Wall Street rallied broadly on Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries. Financials, industrials and tech pushed the three major U.S. stock indexes well into the black. The S&P 500 and the Nasdaq each posted their fourth […]

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Even Stock Optimists Grow Nervous About Rally

The most vocal optimists are getting skeptical of the never-ending stock rally. What once seemed sensible is starting to baffle even them. The S&P 500 is up 39% in 50 days and in the midst of its longest winning streak since February. A flattening virus curve, Federal Reserve stimulus and reopening plans explain a lot of it, they say. But […]

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Stocks surge as protests grow more peaceful, job losses slow

Stock market sectors that could survive coronavirus CFRA Chief Investment Strategist Sam Stovall discusses economic recovery from the coronavirus pandemic and the sectors that are moving higher. U.S. equity markets were on track for a fourth straight day of gains Wednesday as the riots and looting that gripped America over the past week showed signs of abating and investors received […]

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CORRECTED-European shares rise on upbeat China data; Renault jumps

(Corrects time to “0800 GMT” from “0900 GMT” in paragraph 4) June 3 (Reuters) – European shares joined a global rally on Wednesday as signs of a pickup in China’s services activity offset concerns about Sino-U.S. trade tensions and widespread civil unrest in the United States. The pan-European STOXX 600 rose 0.8% by 0714 GMT, holding near a three-month high. […]

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Stock futures steady amid U.S. protests, simmering China tensions

(Reuters) – Futures tracking the S&P 500 index were trading flat on Monday following a strong showing in May, as investors turned cautious after protests erupted across the country over race, and simmering tensions between Washington and Beijing heated up. National Guard troops were deployed in 15 states and Washington, D.C. on Sunday in an attempt to quell a sixth […]

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Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens

NEW YORK (Reuters) – Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector’s hardest-hit names. Many companies in the sector have been battered by the country-wide coronavirus-fueled lockdowns that have weighed on growth and damaged retail spending over the last several months, […]

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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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Asian Stock Futures Mixed; U.S. Rally Fizzles: Markets Wrap

Asian stocks looked set for a mixed open Friday after a rally in U.S. equities fizzled on fresh U.S.-China tensions. The dollar retreated. Futures were little changed in Japan, slipped in Australia and edged higher in Hong Kong. U.S. contracts dipped in early Asia trading. President Donald Trump said he’ll announce new U.S. policies on China on Friday, after it […]

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U.S. Stocks Moving Sharply Higher In Morning Trading

Stocks have moved sharply higher over the course of morning trading on Wednesday, offsetting the pullback seen in the previous session. With the strong upward move, the Nasdaq and the S&P 500 have reached their best intraday levels in well over two months. Currently, the major averages are hovering near their best levels of the day. The Dow is up […]

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