Investors are seeing light at the end of the tunnel after a brutal period. But is it a train? That is the question many investors are weighing as the market attempts a powerful rebound from its late-March lows on the back of signs that the spread from COVID-19 is slowing here and elsewhere in the world.
By Mark DeCambre, MarketWatch, Joy Wiltermuth. Stock market aims for back-to-back gains on Tuesday. U.S stocks rose Tuesday, but were off the session highs by midday, as the market extended a rally to a second session on growing signs that the spread of the COVID-19 pandemic may be leveling off in parts of the world.
* S&P 500 set for best two-day gain in nearly two weeks. * Exxon, Halliburton (HAL) track oil prices higher. * Cruise operators lead gains among S&P 500 firms. * Gains led by energy sector. * Indexes rise: Dow 2.68%, S&P 2.29%, Nasdaq 1.51% By Uday Sampath Kumar and Shreyashi Sanyal.
By Xie Yu, Anna Hirtenstein and Caitlin McCabe. U.S. stocks rose sharply Tuesday, buoyed by early indications that the spread of the coronavirus pandemic was slowing in some hot spots around the world. The Dow Jones Industrial Average rallied 2.8% in midday trading, a day after rising almost 8%.
Yields are going to be "lower for a lot longer," says BofA's Zhang. Even as the COVID-19 pandemic shows signs of slowing down in the U.S. and Europe, one analyst says the tentative optimism driving the stock-market bounce and the rise in yields for government paper is unlikely to last. Carol Zhang, a rates analyst at Bank of America Global Research, says investors have assumed as long as the pandemic was brought under control, the economic damage could be reversed swiftly.
* Early signs of virus peaking in Europe, New York. * Euro races higher in first gains in seven sessions. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos. World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.
U.S. Treasury yields climbed on
Tuesday as the bond market mulled a looming supply deluge and
Wall Street surged on hopes the coronovirus outbreak may slow
down.
The yield on the benchmark U.S.
Gold prices fell over 1% on Tuesday,
retreating from a near one-month high hit earlier in the
session, as signs of slowdown in coronavirus cases in major
epicentres boosted equity markets, drawing ...
* S&P 500 set for best two-gain in nearly two weeks. * Exxon, Halliburton (HAL) track oil prices higher. * Cruise operators lead gains among S&P 500 firms. * Indexes jump: Dow 2.24%, S&P 1.82%, Nasdaq 1.28% By Uday Sampath Kumar and Shreyashi Sanyal.
U.S. stocks opened sharply higher Tuesday, buoyed by early indications that the spread of the coronavirus pandemic was slowing in some hot spots around the world. The Dow Jones Industrial Average rallied 3.4% shortly after the opening bell, a day after the blue-chip index finished almost 8% higher in New York. The S&P 500 and the Nasdaq Composite also jumped, rising 2.9% and 2.3%, respectively.
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