US stocks rose slightly at the start of trading on Wednesday as investors braced for the corporate results of major corporations, including Tesla and Microsoft after the close, and watched the increase in Sino-US tests. . Market participants are also concerned about the state of congressional negotiations on another financial …
Read More »Nikola Stock could have a wild week ahead
Text size Courtesy of Nikola. Investors must prepare for volatile week of stock trading by heavy-duty fuel cell truck pioneer Nikola. Stock guarantees, issued in some of the transactions that eventually brought the company to the public markets, can now be exercised. Shares slumped on the news on Friday, but …
Read More »Unemployment claims fall to post-pandemic low of 1.3 million, but layoffs could start to rise again as states close businesses again
The numbers: Initial jobless claims fell slightly in the second week of July to a post-pandemic low of 1.30 million, but the decline reluctantly points to continued stress on the economy as the United States struggles to cope with the latest outbreak of coronavirus. New claims for unemployment benefits, a …
Read More »Dow flirts with a level of 27,000, the S&P 500 erases 2020 losses in vaccine hopes, Goldman’s earnings
Posted: Jul 15, 2020 at 11:16 am ET Goldman Sachs earnings in focus. Getty The shares gained ground Wednesday due to optimism about progress on a COVID-19 vaccine candidate despite mounting cases in the United States, while investors digested earnings reports and monitored tensions between the United States and China. …
Read More »July Empire State Index in positive territory for the first time since the pandemic began
The numbers: Business activity in New York State increased in July for the first time since the pandemic began in March, according to the New York Fed Empire State Manufacturing Survey released on Wednesday. The Empire State Trading Conditions Index rose to 17.2 in July from 0.2 negative in the …
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