August 18, 2020

Coronavirus latest: US food and DIY retailers reap benefits from Americans stuck inside

Emoticon
US stocks hit record high after rebound from March low

Adam Samson and Harry Dempsey in London

Wall Street’s benchmark stock index has struck an all-time intraday high after rallying more than 50 per cent from the bear-market low hit during the darkest days of the coronavirus crisis. 

The S&P 500 index rose 0.3 per cent in early trading on Tuesday to a high of 3395, eclipsing the previous record that was reached in February, before the pandemic slammed Wall Street and global financial markets.

The barometer has soared 54 per cent since the low that was struck on March 23, with the gains being led by America’s biggest technology companies including Apple, Amazon, Microsoft and Google parent Alphabet.

The rise has prompted concerns among some investors that these stocks are vulnerable to a crash reminiscent of the early 2000s dotcom bust.

“Fortunately, [valuations are] not at similar nosebleed levels, which prevents the market meltdown scenario of 2000-02,” said Tobias Levkovich, chief US equity strategist at Citi. “But we still worry that investors have crowded into one area that might be ripe for some pitfalls.”

Pandemic-related depression rises among young

Stanley Druckenmiller reveals bets on companies hit hard by the pandemic — Here are the highlights

Stanley Druckenmiller reveals bets on companies hit hard by the pandemic — Here are the highlights

Source link

Glossaries

Banking Firms. We run annual simulation workshops led by experienced merchants from London-based mostly company Amplify Trading. You may make choices on market prices in response to economic knowledge and contemporary market tendencies, putting the theories you may have realized into practice and gaining an perception into the buying and selling ground atmosphere. The poorest customers typically don’t have access to checking account and financial institution loans, inflicting the poorest to look outdoors traditional banking to extra exploitative loans, comparable to payday loans and cash sharks.

BMO Capital Markets is a leading, full-service North American-primarily based financial providers supplier. We provide company and funding banking, treasury administration, in addition to analysis and advisory companies to shoppers around the world. So then, clearly, it is sensible that the New York fed would make arrangements for the US government, with out congressional oversight, to assist European central banks. It is a conflict of interest and an abuse of the sovereignty of the United States. Ron Paul is true to ask for an audit of the fed. And it isn’t only a libertarian issue as many house members from all political opinions assist Paul.

Finance Minister Grant Robertson stated that whereas the central …