Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts

Wednesday, October 7, 2020

Wall Street jumps on stimulus hopes, hints of Trump's return to White House...

https://www.investing.com/news/stock-market-news/futures-bounce-on-stimulus-hopes-hints-of-trump-hospital-discharge-2315562?fbclid=IwAR25DY_fjx5rYxLWMhd3D65DForcL8LPJvhHKEzESuMvon-h4WPZDQHaxKo


(Reuters) - Wall Street's main indexes jumped on Monday, recovering from a sharp fall in the previous session as hints President Donald Trump could return to the White House and hopes of a new fiscal stimulus bill lifted sentiment.

Although Trump's medical condition remained unclear as he began a fourth day at the military hospital where he is being treated for COVID-19, his doctors have said he could be discharged as soon as Monday.
Ten of the 11 major S&P indexes were up, with energy (SPNY), the worst performing sector this year, rising 1.7%. Materials (SPLRCM) and financials (SPSY) were also among the biggest gainers in morning trading.
Shares of Regeneron Pharmaceuticals Inc (O:REGN) jumped 6.1% after Trump's physician said he had been treated with an intravenous dose of Regeneron's dual antibody treatment. The wider healthcare index (SPXHC) added 1.7%.