^GSPC - S&P 500
| Previous close | 3,055.73 |
| Open | 3,064.78 |
| Volume | 2,807,173,294 |
| Day's range | 3,051.64 - 3,081.07 |
| 52-week range | 2,191.86 - 3,393.52 |
| Avg. volume | 6,194,329,062 |
- Yahoo Finance Video
LA Clippers Chairman Steve Ballmer discusses the 2020 NBA season
LA Clippers Chairman Steve Ballmer joins 'Influencers with Andy Serwer'
- Bloomberg
Global Stock Rally Grows on Economic Recovery Hope: Markets Wrap
(Bloomberg) -- The global rally in stocks showed no signs of abating Wednesday as investors continued to bet on a quick economic recovery from the coronavirus pandemic. The dollar extended its recent decline.South Korean shares led gains in Asia, with stocks also climbing in Japan, Hong Kong and Australia. U.S. equity futures pushed up after the S&P 500 closed at its highest since early March. Brent crude extended its rebound above $40 a barrel as investors eyed a potential extension of record production curbs by OPEC+. Treasury yields ticked higher, while the yen pared an overnight decline.Global stocks are trading at a three-month high as businesses continue to reopen around the world and manufacturing gauges show economies stabilizing following coronavirus shutdowns. That’s despite a slew of risks still on the horizon, including tense U.S.-China relations that may jeopardize a hard-won trade deal.The sometimes-violent demonstrations across U.S. cities over the killing by police of George Floyd, an unarmed black man, aren’t yet seen as a major drag on the economy and corporate profits. Despite the unrest, Chicago will enter the next phase of its reopening plan as scheduled on Wednesday.“If I look at the markets, I see a V-shaped recovery,” Mark Mobius, co-founder at Mobius Capital Partners, said on Bloomberg TV. “That’s what the markets are telling us.”Elsewhere, the Australian dollar pared gains after data showed the economy retreated on a quarterly basis in the first three months of the year. On Tuesday, European shares climbed to a 12-week high as Chancellor Angela Merkel sought to thrash out a second aid package for Germany.Here are some key events coming up:In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.These are the main moves in markets:StocksFutures on the S&P 500 Index rose 0.3% as of 10:35 a.m. in Tokyo. The gauge rose 0.8% on Tuesday.Japan’s Topix index advanced 0.7%.Hong Kong’s Hang Seng rose 1.2%.Shanghai Composite index added 0.4%.South Korea’s Kospi index climbed 2.5%.Australia’s S&P/ASX 200 Index added 0.8%.Euro Stoxx 50 futures rose 1.1%.CurrenciesThe yen was at 108.48 per dollar, up 0.2%.The offshore yuan rose 0.2% to 7.0916 per dollar.The euro bought $1.1196, up 0.2%.BondsThe yield on 10-year Treasuries climbed two basis points to 0.71%.Australia’s 10-year yield climbed five basis points to 0.96%.CommoditiesWest Texas Intermediate crude increased 2.7% to $37.82 a barrel. Brent was at $40.37 a barrel, up 2.1%.Gold held at $1,728.09 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
Asian stocks set to gain as stimulus hopes support risk appetite
Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest. The ECB is expected to ramp up stimulative bond purchases when it meets on Thursday.
- Yahoo Finance
Stock market news live updates: Stock futures steady as markets shake off ongoing unrest
Stock futures kicked off the overnight session hugging the flat line Tuesday evening, as investors set their sights on more major cities’ plans to reopen businesses in the near-term as the coronavirus pandemic eased.
- Yahoo Finance
Stock market news live updates: Stocks rise as reopening hopes offset concerns over ongoing protests
Stocks rose, tracking advances in global equities as investors eyed stabilizing economic data alongside ongoing protests across the country, which spurred some concerns of a ramp-up in coronavirus cases following a deescalation in the outbreak.
- Bloomberg
Stocks Rise for Third Day on Outlook for Reopening: Markets Wrap
(Bloomberg) -- U.S. stocks rose alongside equities in Europe and Asia amid new bouts of stimulus and positive economic signals as coronavirus lockdowns ease. The dollar slumped for a fourth consecutive day.Two shares rose on the S&P 500 Index for every one that fell, lifting the benchmark to its highest since March 4. Gunmakers extended rallies in the wake of President Donald Trump’s promise to deploy large numbers of troops if cities and states don’t act to contain violence from protests over police brutality.Stocks are hovering near their highest in three months as businesses reopen around the world and manufacturing gauges show economies stabilizing following coronavirus shutdowns. That’s despite a slew of risks still on the horizon, including tense U.S.-China relations that may jeopardize a hard-won trade deal. The sometimes violent demonstrations across U.S. cities over the killing by police of George Floyd, an unarmed black man, aren’t yet seen as a major drag on the economy and corporate profits.“Everyone who is assessing what they’re seeing on the news every night is recognizing things getting worse, and yet the markets are focusing on things that they believe are getting better,” said Brian Levitt, a global market strategist at Invesco. Coronavirus “cases have plateaued in aggregate and compressed in some of the hardest hit areas. Mobility is starting to pick up, reopenings are starting to pick up.”Stimulus hopes powered Europe’s Stoxx 600 to a 12-week high as Chancellor Angela Merkel sought to thrash out a second aid package for Germany. Oil gained as investors eyed a potential extension of record production curbs by OPEC+. Treasuries edged lower, while the pound gained on positive news in trade negotiations between Britain and the EU.Elsewhere, emerging-market stocks rallied alongside currencies. Australia’s dollar rose to its highest level since January. In Asia, Tokyo equity benchmarks outperformed.Here are some key events coming up:In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.These are the main moves in markets:StocksThe S&P 500 Index rose 0.8% at the close of trading in New York for its third straight gain.The Stoxx Europe 600 Index advanced 1.6%.The MSCI Asia Pacific Index increased 1%.The MSCI Emerging Market Index gained 1.7%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.3%.The euro increased 0.3% to $1.1169.The British pound gained 0.4% to $1.2546.The Japanese yen weakened 1% to 108.66 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 0.68%.Germany’s 10-year yield declined one basis point to -0.42%.Britain’s 10-year yield fell one basis point to 0.22%.CommoditiesWest Texas Intermediate crude increased 4% to $36.84 a barrel.Gold fell 0.7% to $1,728.12 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
S&P 500 Price Forecast – S&P 500 Continues to Grind Sideways
The S&P; 500 continues to grind sideways, as there is nowhere to be at these extended levels. It is as if Wall Street is starting to notice something’s wrong.
- Yahoo Finance
Why looting, protests and COVID-19 haven't pounded the stock market
Here's why stocks continue to be in rally mode despite the horrors sweeping America right now.
- Motley Fool
Stock Market News: Here's What Sent RH and Western Union Skyward Tuesday
Tuesday morning brought some choppiness to Wall Street, as market participants tried to weigh countervailing factors against each other. Two very different winners today were RH (NYSE: RH) and Western Union (NYSE: WU), and although they serve different target demographics, they're both moving forward strategically to try to take advantage of opportunities they see in their respective markets. Shares of luxury retailer RH climbed more than 10% Tuesday morning.
- Reuters
Relief rally or bear market bubble? For investors, it's hard to tell
The S&P 500 is up 37% since its late March close as of Monday and the Nasdaq Composite is near a fresh record after a surge that has seemingly ignored widespread economic upheaval and uncertainty over the coronavirus pandemic. The rally’s speed has left investors in a quandary. The S&P 500, for instance, now trades at 21.2 times earnings, its highest level since 2002, even as unemployment is at levels last seen in the Great Depression.
- Investing.com
Gold Dips Despite U.S. Protests as Wall Street Steals Shine
Logically, the street protests roiling America should help gold advance or least stay around the key $1,750 per ounce level. U.S. gold futures for August settled down $16.30, or 1%, at $1,734 per ounce on Comex after a seventh day of protests across U.S. cities following the death of George Floyd. Spot gold, which tracks real-time trades in bullion, slid by $15.02, or 0.9%, to $1,724.98 by 2:32 PM ET (18:32 GMT).
- Zacks
The Zacks Analyst Blog Highlights: Tencent, Abbvie and Reckitt Benckiser
The Zacks Analyst Blog Highlights: Tencent, Abbvie and Reckitt Benckiser
- Zacks
The Zacks Analyst Blog Highlights: Aileron Therapeutics, Energy Focus, MicroVision, Mersana Therapeutics and CymaBay Therapeutics
The Zacks Analyst Blog Highlights: Aileron Therapeutics, Energy Focus, MicroVision, Mersana Therapeutics and CymaBay Therapeutics
- Zacks
Should Value Investors Consider First Bank (FRBA) Stock Now?
Let's see if First Bank (FRBA) stock is a good choice for value-oriented investors right now from multiple angles.
- Zacks
Should Value Investors Opt Farmers Merchants Bancorp (FMAO)?
Let's see if Farmers Merchants Bancorp (FMAO) stock is a good choice for value-oriented investors right now from multiple angles.
- Reuters
Wall Street closes up on signs of economic rebound
A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery. The Nasdaq, the S&P 500 and the Dow have been approaching their all-time closing highs in recent weeks and are now about 2%, 9% and 13%, respectively, below record closing levels. The S&P 500 and the Nasdaq have closed in positive territory in six of the last seven sessions.
- Zacks
Stock Market News for June 2, 2020
Benchmarks closed in the green on Monday as signs of economic rebound overshadowed civil unrest amid coronavirus pandemic and rising U.S.-China tensions.
- Zacks
Can Value Investors Pick Equity Bancshares (EQBK) Stock Now?
Is Equity Bancshares (EQBK) a great pick from the value investor's perspective right now? Read on to know more.
- FX Empire
E-mini S&P 500 Index (ES) Futures Technical Analysis – Grinding Toward Next Objective at 3131.00
The direction of the June E-mini S&P; 500 Index on Tuesday is likely to be determined by trader reaction to Monday’s close at 3054.00.
- Zacks
Buy These 3 Thrivent Mutual Funds for Stupendous Returns
Below we share with you three best-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank 1 (Strong Buy) or 2 (Buy).
- FX Empire
U.S. Stocks Set To Open Higher As Investors Focus On Recovery
S&P; 500 futures are gaining ground in the premarket trading session as investors favor riskier assets.
