Wall Street rises on record job growth; surging virus cases cap gains

(Reuters) – Wall Street rose on Thursday after a record-setting increase in monthly U.S. jobs, but surging COVID-19 cases raised fears of more lockdowns and kept gains in check. The Nasdaq opened at an all-time high after data showed the U.S. economy created 4.8 million jobs in June, the most since the government began keeping records in 1939, but later […]

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Cyclical rally, U.S. jobs data drive European stocks to one-week high

(Reuters) – European shares closed at a one-week high on Thursday as hopes of a COVID-19 vaccine and a better-than-expected rebound in U.S. hiring overshadowed concerns about surging coronavirus infections. The pan-European STOXX 600 rose 2%, easing slightly from highs hit after data showed the U.S. economy created a record 4.8 million jobs in June as more restaurants and bars […]

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S&P 500, Dow track best quarter since 1998 on stimulus-led rebound hopes

(Reuters) – The S&P 500 and Dow Jones indexes gained on Tuesday, inching closer to ending their best quarter since 1998 as improving economic data restored faith in a stimulus-backed rebound for the U.S. economy. Kicking off a data-heavy week for Wall Street, figures on Tuesday showed U.S. consumer confidence increased much more than expected in June. Data on manufacturing […]

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European shares edge lower at the end of strong quarter

(Reuters) – European stocks slipped on Tuesday, with banks and energy firms leading the losses at the end of a strong quarter, while UK markets took a hit from a worse-than-expected GDP reading. The pan-European STOXX 600 index looked set to post a more than 12% rise in the quarter – its best since March 2019 – as unprecedented stimulus, […]

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Wall Street tumbles on concerns over U.S.-China trade deal, rising virus cases

(Reuters) – Wall Street’s major indexes tumbled on Friday after a report that the U.S. intervention in Chinese interests could risk Phase 1 trade deal spooked investors already worried about a surge in coronavirus cases. The three main indexes extended losses after the Wall Street Journal said U.S. ‘meddling’ in Hong Kong, Taiwan, other matters could jeopardize Chinese goods purchases […]

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Financial shares push Wall Street higher in volatile trading

New York (Reuters) – Wall Street’s main indexes edged higher in choppy trading on Thursday, as financial stocks gained ground on regulatory changes even though investors worried about alarming increases in new coronavirus cases and jobless claims. The S&P 500 banks sub-index rose 1.8% as U.S. banking regulators eased two rules covering large banks with complex trading and investment portfolios. […]

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S&P closes lower as new COVID-19 cases surge

NEW YORK (Reuters) – The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. The S&P 500 and the Dow reversed earlier gains to snap a three-day winning streak. Tech shares led the Nasdaq to a modest gain. Worries […]

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Wall Street jumps on Fed's corporate bond purchase announcement

NEW YORK (Reuters) – Wall Street jumped on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases. All three major U.S. stock indexes abruptly reversed earlier losses in afternoon trading, following the Fed’s decision to apply an indexing approach […]

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Futures drop on fears of fresh virus wave

(Reuters) – U.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week. Beijing re-imposed measures to curb the spread of the virus after a wholesale food market saw an unexpected […]

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