By Mark DeCambre and Chris Matthews, MarketWatch. Stock market aims for back-to-back gains on Tuesday. U.S stocks advanced Tuesday morning, though were off session highs, as the market extended a powerful 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.
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.
U.S. stocks opened sharply higher on Tuesday, on track to consolidate their gains from the day before, amid hopes that the rate of increase in COVID-19 cases in the U.S. and Western Europe was slowing down. The S&P 500 rose 3.2% to 2,749. The Dow Jones Industrial Average advanced 865 points, or 3.8%, to 23,545. The Nasdaq Composite tumbled 2.8% to 8,136. Investors honed in on a slowdown in infections in France and Italy, the center of the outbreak in Europe. And for the first time since...
- Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working.
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