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  • 3 reasons why Bank of America says to be bullish on US stocks, including economic surprise index hitting record high

    Investors have three reasons to be bullish on stocks for the next few months, Bank of America said in a note published on Wednesday. The firm pointed to the economic surprise index hitting record highs and said "we are still in the phase where consensus underestimates the rebound in data." BofA also thinks the rise in new COVID-19 cases over the past month lowers the probability and severity of any second wave of infections. Visit Business Insider's homepage for more stories. Investors have...
  • Coronavirus: US hits record high in daily cases

    More than 40,000 infections recorded in a day as surge prompts some states to halt reopenings.

    BBC News
  • US stocks trade mixed as investors weigh reopening hopes against virus spread

    Reuters US stocks traded mixed on Monday as investors continued to bet on economic reopenings despite soaring coronavirus case counts. Global virus deaths topped 500,000 on Sunday while confirmed cases tore above 10 million. Boeing led the Dow higher after US regulators approved test flights of its troubled 737 MAX jet. Oil climbed, with West Texas Intermediate jumping as much as 1.6%, to $39.12 per barrel. Watch major indexes update live here. US equities traded mixed on Monday as investors...
  • US stocks climb, Nasdaq hits record as investors pile into tech giants

    Lucas Jackson/Reuters US equities climbed on Tuesday as positive data releases fueled new hopes for a swift economic recovery. New home sales leaped 16.6% in May to a seasonally adjusted annualized pace of 676,000, besting economists' estimate of 640,000. IHS Markit's index of US purchasing managers rose to 46.8 in June from 37 the previous month, signaling stabilization throughout the virus-battered economy. Futures for major indexes tumbled on Monday evening after the White House trade...