NEW YORK, April 24 — The S&P 500 edged higher in choppy trading today as some states prepared to relax curbs imposed to contain the coronavirus outbreak, but declines in Intel and Boeing weighed on the blue-chip Dow Jones. Boeing Co fell 4.3 per cent after a report said the planemaker was...
Friday, 24 Apr 2020 10:52 PM MYTNEW YORK, April 24 — The S&P 500 edged higher in choppy trading today as some states prepared to relax curbs imposed to contain the coronavirus outbreak, but declines in Intel and Boeing weighed on the blue-chip Dow Jones.
From Tennessee and Texas to Ohio and Montana, governors announced plans to swiftly allow a return to business for some workplaces on signs the pandemic was peaking in some of the worst hit parts of the country. The benchmark S&P 500 is still 17 per cent below its record high despite gaining ground this month, and investors fear a deep economic slump following a crash in business activity.
“Maybe it does tell us that the potential for recovery is slightly better than what was anticipated,” said Seema Shah, chief strategist at Principal Global Investors in London.
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