[NEW YORK] Major Wall Street indices set records once again on Wednesday, shrugging off worries about a major hurricane approaching a key US oil-producing region and renewed coronavirus fears that had stymied indices elsewhere. Read more at The Business Times.
Apple gained 1.4 per cent ahead of its four-to-one stock split, while Salesforce.com, which will join the Dow index on Monday in place of global oil giant Exxon Mobil, leapt 26 per cent after a strong earnings report.
"Some of the stock market being up is a little bit of hopeful trading regarding this speech," JJ Kinahan of TD Ameritrade told AFP, suggesting observers might be disappointed. "Second wave fears are becoming more real in Europe as a number of countries, particularly tourist destinations such as Spain and France, are seeing a strong rise in Covid-19 cases," City Index analyst Fiona Cincotta said.
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