The stock market began the week in the red as coronavirus cases continued to rise in parts of the United States and Beijing reinstated some restrictions after a new outbreak in the Chinese capital. However stocks reversed their downward spiral and traded higher, helped by the Federal Reserve announcement that it will start buying individual corporate bonds.The three major indexes finished in the green on Monday after a rough start. The Dow finished with a gain of 159 points, or 0.6%.
on top of the ETFs it already is purchasing. In an expansion to its Secondary Market Corporate Credit Facility, the Fed said it will purchase eligible company debt with remaining maturities of 5 years or less. That will go along with the previous high-profile intent to buy ETFs that track both investment grade and junk debt. The broader goal is "to create a corporate bond portfolio that is based on a broad, diversified market index of U.S.
following an announcement by Nasdaq last week that the stock would replace United Airlines in the Nasdaq-100 index. The stock will officially join the index on June 22. —With aggressive fiscal and monetary policy already in place, the critical next step in the economic recovery will be the way the public responds to measures to prevent another big surge of coronavirus cases, Dallas Fed President Robert Kaplan said Monday.
As the economy reopens, Disney "shares offer a compelling entry point for best-in-class assets with an attractive risk/reward profile that is skewed to the upside by a factor of 3:1," Bank of America analyst Jessica Reif Ehrlich said.
Imagine being a liberal actively cheering for economic decline
Investors should watch out for him
How much money the FED will print and hand to Billionaires maybe? That is moving the markets.
TMobile we pay way too much for these phones to not be working smh it’s been over a hour now
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