Trade truce with China boosted tech stocks, driving the S&P 500 to a record high on Monday.
Oil stocks also soared as investors bet OPEC will extend production cuts.
But AMG Managers Pictet International Fund portfolio manager Ben Beneche has a cautious outlook.
SOUNDBITE: AMG MANAGERS PICTET INTERNATIONAL FUND PORTFOLIO MANAGER, BEN BENECHE, (ENGLISH) SAYING: "It's really a case of how much more can go right, It feels like right now, globally, it's very much a "Goldilocks"-type scenario.
Very low rates.
Very high profit margins.
Very low rates of unemployment coupled with little to no inflation.
That is not a system of real stability in the markets.
Typically one of those things will not be working." Still, the S&P 500 managed to rise for a third straight day.
Chipmakers that supply China's Huawei Technologies like Intel, Micron Technology rose.
Over the weekend, President Donald Trump offered China concessions that included no new tariffs and an easing of restrictions on Huawei.
Gambling revenue in Macau rose more than expected in June.
Prime Minister Boris Johnson is set to ban Huawei from Britain's 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China's rising economic and technological clout. Ciara Lee reports
The Trump administration plans to finalize regulations this week that will bar the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei, Hikvision and Dahua, a U.S. official told Reuters exclusively. Conway G. Gittens reports.
Elon Musk is officially richer than Warren Buffett. Tesla stock, of which Musk is the largest holder, continues to hit record highs. Musk is worth 70-billion dollars. Tesla stock is up 259% in 2020 compared with the benchmark S&P 500 index's 1% gain. Buffett, meanwhile, donated almost $3 billion of Berkshire Hathaway stock, causing his riches to shrink.
The S&P 500 and Nasdaq closed higher Wednesday to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns was likely. Fred Katayama reports.
Economist Max Wolff of Multivariate thinks the S&P 500 should be trading at 2300 instead of 3150. He tells Reuters' Fred Katayama that investors are ignoring negative news about the rising coronavirus cases and the renewed trade tensions with China.
The S&P 500 ended lower Friday after a choppy session as investors weighed spiking cases of COVID-19 and Apple's announcement of fresh store closures against anticipated stimulus and continued economic recovery. Fred Katayama reports.
Donald Trump, for the first time, has confirmed the US conducted a covert cyberattack in 2018. The attack was against Russia's Internet Research Agency, according to reports at CNN. The Internet Research Agency is a troll farm blamed for interference in the 2016 presidential election. Trump gave confirmation during an interview with reporters.
[NFA] President Donald Trump on Monday took a swipe at health experts in his government leading the U.S. response to the coronavirus, and one of them, Dr. Anthony Fauci, answered with an appeal for states to stick to guidelines to snuff out a surge in cases. Chris Dignam has more.
U.S. President Donald Trump on Monday told reporters his longtime friend and adviser Roger Stone "wasn't given a fair trial" and said "we're getting rave reviews" for giving executive clemency to Stone.
[NFA] The U.S. Centers for Disease Control and Prevention director on Thursday said his agency will not revise its guidelines for reopening schools despite calls from U.S. President Donald Trump, instead his agency will provide 'additional reference documents' to aid communities. This report produced by Yahaira Jacquez.
[NFA] Geoffrey Berman, the top federal prosecutor in Manhattan who was ousted last month as his office led a probe into President Donald Trump's personal attorney Rudolph Giuliani, told lawmakers on Thursday that U.S. Attorney General William Barr had pressured him to resign. Colette Luke has more.
The Shanghai Composite has soared 15% this month, but Invesco's Kristina Hooper says it's not too late to get exposure to Chinese stocks. She tells Reuters' Fred Katayama that they're the "stars" of the emerging market world.
Tesla cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. Fred Katayama reports.
Wall Street rallied broadly Wednesday with the Nasdaq approaching record highs as signs of an economic recovery from mandated shutdowns helped investors look beyond U.S. social unrest and pandemic worries. Fred Katayama reports.
Forbes reports that Kylie Jenner is not really a billionaire. According to Business Insider, Forbes claims that Jenner and her mother, Kris Jenner, inflated their wealth in documents they provided to them. In 2019, Forbes named a then 21-year-old Kylie Jenner "The Youngest Self-Made Billionaire Ever." Kylie's camp said that Kylie Cosmetics made $360 million in sales in 2018, but a Coty presentation showed that revenues were closer to $125 million.
Wynn Resorts has called on Nevada Governor Steve Sisolak to begin to reopen the Las Vegas Strip in mid- to late May. Wynn’s Macau casinos reopened on Feb. 20 after a mandatory, industry-wide two-week closure. Reuters reports Wynn Resorts CEO Matt Maddox says extensive safety measures will be in place. That is, assuming the state is in line with certain benchmarks around the spread of the coronavirus.
Federal Reserve chairman Jerome Powell's comments to the House Financial Services Committee were level-headed and rather implicit as usual, yet all indications were that there will be an interest rate..