NEW YORK (BLOOMBERG) - US stocks are unlikely to make fresh lows thanks to the 'do whatever it takes' approach of policy makers, according to Goldman Sachs Group.. Read more at straitstimes.com.
NEW YORK - US stocks are unlikely to make fresh lows thanks to the"do whatever it takes" approach of policy makers, according to Goldman Sachs Group.
"The Fed and Congress have precluded the prospect of a complete economic collapse," the strategists wrote."These policy actions mean our previous near-term downside of 2,000 is no longer likely" for the S&P 500 Index. Goldman cited policy measures, including rate cuts, the US Federal Reserve's Commercial Paper Funding Facility and fiscal stimulus such as the US$2 trillion Cares Act among the"numerous and increasingly powerful" actions that have spurred equity investors to take a risk-on view.
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.
Six killed as severe storms, tornadoes rip through U.S. SouthThe storms hit on Easter Sunday as residents across the U.S. South, like most Americans, were under strict 'stay-at-home' orders by the governors of Mississippi and Louisiana due to the nationwide coronavirus pandemic. All six fatalities were recorded in Mississippi, the state's emergency
Read more »
US nonagenarian’s plea for beer supply goes during Covid-19 lockdown goes viralKUALA LUMPUR, April 13 ― A nonagenarian woman in Pennsylvania, US has become an internet sensation after a photo of her asking for beer while being confined at her home has gone viral on social...
Read more »
Uber veteran raises US$31 million with a pitch to battle coronavirusTiger Fang, a former Uber executive has raised US$31 million for his Indonesian logistics startup with an unusual pitch that it will help organisations battle the coronavirus in the country.
Read more »
Broad coronavirus testing crucial in lifting restrictions: US expertsWASHINGTON: The United States needs to ramp up testing for the coronavirus as the White House considers when and how to lift stay-at-home ...
Read more »
With more than 21,300 COVID-19 deaths, US spends Easter Sunday on lockdownNEW YORK: Americans spent Sunday (Apr 12) on lockdown as the US toll from the COVID-19 pandemic surpassed 21,300 deaths and more than half a ...
Read more »
US could start reopening in May, top virus advisor says[WASHINGTON] The United States may be ready to start gradually reopening next month, the government's top infectious diseases expert said Sunday, as signs grew that the coronavirus pandemic was peaking. Read more at The Business Times.
Read more »