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S&P, Nasdaq rally on vaccination hopes

Video Credit: Reuters Studio - Duration: 01:24s - Published
S&P, Nasdaq rally on vaccination hopes

S&P, Nasdaq rally on vaccination hopes

The S&P 500 and Nasdaq closed higher Wednesday to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns was likely.

Fred Katayama reports.

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Dow, S&P rise; value outperforms [Video]

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The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a U.S. fiscal support bill. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:30Published
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Credit: Reuters Studio    Duration: 01:27Published
Record high for Nasdaq; vaccine hopes fuel binge [Video]

Record high for Nasdaq; vaccine hopes fuel binge

Stocks rallied on Monday with the tech-heavy Nasdaq leading the pack as stay-at-home tech stocks and biotech companies working on COVID-19 vaccines powered ahead. Conway G. Gittens has the details.

Credit: Reuters Studio    Duration: 01:55Published
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The S&P 500 and the Nasdaq finished slightly higher on Friday but the Dow closed with a loss as investors kept an eye on record new coronavirus cases in the U.S. Conway G. Gittens wraps up the trading action.

Credit: Reuters Studio    Duration: 01:39Published

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Legendary Analyst Says S&P 500 Won't Go Up Much More [Video]

Legendary Analyst Says S&P 500 Won't Go Up Much More

Legendary analyst Byron Wien said the bear market and recession are over. Wien told Bloomberg news the S&P 500 may climb slightly higher but it will not be making any "major strides upward" this year. Byron is the vice chairman of Blackstone Private Wealth Solutions said the S&P 500 is "fully priced." He also applauded US technology companies for their creativity. According to Business Insider Wien said the US should be a manufacturer as well as an innovator to compete globally.

Credit: Wochit News    Duration: 00:30Published
Goldman Sachs Raises 2020 Earnings [Video]

Goldman Sachs Raises 2020 Earnings

On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.

Credit: Wochit News    Duration: 00:33Published
Tesla Downgraded [Video]

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Credit: Wochit News    Duration: 00:34Published
S&P could reclaim record high this year: strategist [Video]

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Chaikin Analytics' Dan Russo says the S&P 500 could rise another 3% this year get back to record levels. He tells Reuters' Fred Katayama fiscal and monetary stimulus will drive equities higher.

Credit: Reuters Studio    Duration: 04:16Published

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Markets betting on Biden-Harris win: advisor [Video]

Markets betting on Biden-Harris win: advisor

Gerber Kawasaki's Ross Gerber says Joe Biden's pick of Kamala Harris as his running mate fueled Wednesday's broad rally. He tells Reuters' Fred Katayama that cannabis stocks would benefit from a Biden administration, and he comments on Tesla's stock split move.

Credit: Reuters Studio    Duration: 04:43Published
Moderna shares jump on U.S. vaccine deal [Video]

Moderna shares jump on U.S. vaccine deal

Shares of Moderna jumped before paring their gains Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:09Published

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