(Reuters) – Major Wall Street indexes fell on Friday when the United States set a new record for a one-day rise in coronavirus cases and bank stocks fell after the Federal Reserve decided to limit payments to shareholders. FILE PHOTO: Flags hang on the exterior of the New York Stock …
Read More »US consumer spending recovers, falling revenue is a threat
WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The Commerce Department report on Friday added increases in …
Read More »Oil stocks and increases despite growing cases of coronavirus
LONDON (Reuters) – Markets showed signs of optimism on Friday, with the opening of European stocks and rising oil prices despite a record number of new COVID-19 infections in the United States. FILE PHOTO: A man in a protective face mask walks past the London Stock Exchange Group building in …
Read More »Global stocks rise more, but virus fears keep optimism under control
SINGAPORE (Reuters) – Asian stock markets rose on Friday but are set to end a hectic week with only slight gains as rising coronavirus infections cast a shadow over encouraging economic data and verified hopes for a rapid global recovery. . FILE PHOTO: A man wearing a protective face mask, …
Read More »Wall Street ends choppy session as strength in banks compensates for virus problems
New York (Reuters) – Major Wall Street indexes closed higher on choppy trading on Thursday, with bank stocks rising above the results of annual stress tests and helping to offset investor concern over alarming expectations. increases in new cases of coronavirus. The recently battered S&P 500 subindex led the session …
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