Video Credit: Reuters Studio - Duration: 02:04s - Published
Wall Street climbs on economic recovery hopes
Wall Street bounced higher on Tuesday thanks to the combination of a historic retail sales figure, comments from the Fed chief, a positive study on a possible COVID-19 treatment and hopes for an infrastructure plan.
Stocks had their worst day in nearly two weeks as a spike in COVID-19 cases fueled fears the nascent economic recovery was already in trouble. Conway G. Gittens has the market action.
Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery.
No major policy announcements are expected when the US central..
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..
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