The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar.
The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a U.S. fiscal support bill. Fred Katayama reports.
On Wednesday, US stocks rose. Investors reacted to positive coronavirus vaccine news. Shares of Moderna spiked after President Trump announced the US government will by 100 million doses of its coronavirus vaccine. Tesla shares jumped after the company announced a five-for-one stock split. Oil prices climbed after a report suggested that American crude stockpiles shrank last week.
On Monday, US stocks climbed 300-points. Investors warmed to President Donald Trump's weekend stimulus orders against China tensions and new coronavirus cases. On Saturday, President Trump signed executive actions extending coronavirus aid after Congress failed to come to an agreement last week. US-China tensions escalated when China imposed fresh sanctions on several members of Congress over Hong Kong.
Gerber Kawasaki's Ross Gerber says Joe Biden's pick of Kamala Harris as his running mate fueled Wednesday's broad rally. He tells Reuters' Fred Katayama that cannabis stocks would benefit from a Biden administration, and he comments on Tesla's stock split move.
Shares of Moderna jumped before paring their gains Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries. Fred Katayama reports.
Credit: Reuters Studio Duration: 01:09Published
You Might Like
Tweets about this
elementalone Nasdaq surges on megacap earnings https://t.co/PICZUYQbdW 6 days ago
Africa Mentor Nasdaq surges on megacap earnings but US fiscal uncertainty nags The Straits Times https://t.co/0aM0fs2TTk via… https://t.co/y2Zfzjd3EO 6 days ago
Finance Nasdaq surges on megacap earnings but US fiscal uncertainty nags https://t.co/sP9HBmjJ8t https://t.co/qRMjZlUxCF 1 week ago
spxindex.com Nasdaq surges on megacap earnings but U.S. fiscal uncertainty nags https://t.co/Sbs1qexD0m $SPX 31/07/2020 1 week ago
Bloomerang Solutions Nasdaq surges on megacap earnings but US fiscal uncertainty nags - The Straits Times https://t.co/8SiNER5Z1R 1 week ago