The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining cautious around more disruptions from protests in the country over the death of a black man while in police custody.
Improving economic data, trillions of dollars in stimulus and the restarting of businesses have helped the S&P 500But investors are keeping a close eye on Sino-U.S. tensions and anti-police brutality marches and rallies that have often turned violent in many cities.
Demonstrators set fire to a strip mall in Los Angeles, looted stores in New York City and at least five U.S. police officers were hit by gunfire, hours after President Donald Trump vowed to deploy the U.S. military to regain control of the streets. “The reopening of the country and getting back to business is a much larger input into the equation versus what it is seen primarily as a temporary shutdown of sporadic businesses in the major cities that the demonstrations are actually causing the most damage,” said Art Hogan, chief market strategist at National Securities in New York.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gordon Ramsay returns to Cornwall after '500-mile round trip to London'Celeb chef Gordon has returned to his family's £4 million Cornwall property after seemingly making a trip to London to launch a takeaway service at one of his pubs
Read more »
George Floyd 'could be me,' says one of America's 4 black Fortune 500 CEOs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Dow futures retreat as Trump threatens to use troops to end fresh civil unrestU.S. stock-index futures were indicating lower trading for stock benchmarks on Tuesday as President Donald Trump said he would deploy military personnel across cities facing protests if state governors and local officials prove unable to contain civil unrest erupting across the nation.
Read more »
The Dow will fall back to coronavirus crash level below 19,000 before new high: CFO surveyMore chief financial officers of major corporations surveyed by CNBC expect the Dow Jones Industrial Average to retest the coronavirus crash level below 19,000 before setting a new high, according to the Q2 CNBC Global CFO Council survey.
Read more »
Dow futures rise as Wall Street focuses on easing coronavirus lockdowns amid civil unrestU.S. stock benchmarks are indicating gains Tuesday morning, reversing earlier declines in stock-index futures, as investors trained their attention on the...
Read more »
Stocks Rally, Dow Up 100 Points Despite Civil UnrestThe market opened higher today, with stocks continuing to rally on optimism about a reopening of the economy despite widespread civil unrest across the country over the killing of George Floyd by skleb1234
Read more »