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European stocks rally at the open and bund yield turns positive on report of joint European Union spending
European stocks enjoyed an unusually strong open on Tuesday after a weak Wall Street finish, after a report the European Union will consider jointly issuing bonds to finance energy and defense spending. The Stoxx Europe 600 SXXP, +0.81% gained over 1% in early action, as the French CAC 40 PX1, +1.75% gained 2.5%, the German …
Stocks gain altitude after jobless claims slide below 1 million but Dow industrials pressured by Cisco shares
Stock benchmarks were cutting early declines midday Thursday, as first-time claims for unemployment benefits receded much more rapidly than anticipated, but investors appeared somewhat hesitant to push stocks much further near records amid a stalemate over a fresh coronavirus aid package. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, -0.08% traded 38 …
Dow up over 300 points as investors snap up beaten down stocks, S&P 500 nears all-time high
Stocks rose Tuesday, with shares of cyclical companies continuing to outpace previously highflying tech stocks, while the S&P 500 approached its all-time closing high from February, nearly completing a round trip from its pandemic-induced plunge earlier this year. What are major indexes doing? The Dow Jones Industrial Average DJIA, +0.59% rose 305 points, or 1.1%, …
Dow, S&P 500 book 7th straight day of gains, Nasdaq ends lower as high-flying tech stocks take a breather
The S&P 500 booked its longest stretch of gains in about 16 months Monday, as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their high-flying counterparts. Investors also focused on the significance of President Donald Trump’s weekend signing of …
World Health Organization warns of ‘accelerating’ pandemic in Africa
JOHANNESBURG — The World Health Organization says the pandemic in Africa is “accelerating” and that while it took 98 days for the continent to reach 100,000 coronavirus cases it took just 18 days to get to 200,000. WHO Africa chief Matshidiso Moeti said Thursday that community transmission has begun in more than half of Africa’s …
German stocks surge after three-day break as equities extend winning run
European stocks on Tuesday extended recent gains as economies reopen, with German stocks booming after a three-day break. The German DAX DAX, +3.47% rallied 3.7% following the Ascension Day holiday, with big gains for automobile maker Daimler DAI, +6.32% and airline Deutsche Lufthansa LHA, +4.25%. Other markets rose as well, with the U.K. FTSE 100 …
Trump’s idea on changing Social Security funding has the potential to break an impasse on much-needed reforms
President Trump has proposed a dramatic change to how Social Security is financed. But Trump’s controversial proposal to fund Social Security with income taxes rather than payroll taxes opens the door to reforms that both Democrats and Republicans might support. On Aug. 8, President Trump issued an executive order that would temporarily defer the collection …