NEW YORK, May 15 — Wall Street surged yesterday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding US-China trade and a whistleblower's dire warnings about the US response to the coronavirus pandemic. While all three major US...
Friday, 15 May 2020 07:03 AM MYTNEW YORK, May 15 — Wall Street surged yesterday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding US-China trade and a whistleblower's dire warnings about the US response to the coronavirus pandemic.
“On days when pushed down, the naysayers come to the forefront, when it bounces back up the more optimistic investors see an opportunity,” Ghriskey added. Comments by Trump late Wednesday blamed China for the coronavirus outbreak and revived trade war fears, even as mandated lockdowns continue to damage the economy.
“One of the major parts of the House bill is support for state and local governments and that's critical for state institutions that are really hurt by this pandemic,” Ghriskey added. First-quarter earnings season is on the final stretch, with 451 of the companies in the S&P 500 having reported. Of those, 66.7 per cent have beaten consensus, according to Refinitiv data.
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