“I think the market’s a little bit ahead of the economic fundamentals at the present time,” billionaire investor Leon Cooperman said today.
rose on Monday as stay at home stocks joined energy names as the winners to start the week. The streaming video company rose about 6% while Amazon gained 4.7%. Netflix hit a new 52-week high during the session for the first time since March 3. The tech-heavy Nasdaq Composite was holding up the best of the major indexes on Monday, down about 0.5% around midday.Around midday, the major averages fell broadly as Wall Street took a breather following the market's massive rally last week.
crude rose 2% to trade at $23.24, after earlier trading as much as 8% higher. International benchmark Brent crude rose 1.6% to $31.98.SCWorx shares rocketed more than 225% on Monday after the company said a health-care network has agreed to purchase some 48 million COVID-19 rapid testing kits over the next several weeks. The tests, purchased by Rethink My Healthcare, analyze blood for the presence of COVID-19 antibodies.
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