Домой United States USA — Financial Markets gain during week that saw Detroit's Rocket Companies go public

Markets gain during week that saw Detroit's Rocket Companies go public

53
0
ПОДЕЛИТЬСЯ

The S&P 500 kicked off the month of August with more gains as U.S. investors anticipate another economic stimulus package from the federal …
The S&P 500 kicked off the month of August with more gains as U. S. investors anticipate another economic stimulus package from the federal government. Democrats and Republicans in Washington, D. C., reportedly made progress on negotiating a second major economic relief package, although lawmakers failed to reach a deal by week’s end.White House chief of staff Mark Meadows said Wednesday that if Congress can’t reach a compromise on a coronavirus stimulus deal, President Donald Trump is prepared to step in with an executive order. Investors also got some updates on the coronavirus vaccine and treatment fronts last week. The Food and Drug Administration approved Abiomed’s Impella heart pump for use in treating severe coronavirus cases, and the National Institute of Health announced it is beginning two new trials of Eli Lilly’s LY-CoV555 experimental antibody drug in treating patients with COVID-19. Microsoft confirmed it’s in talks to acquire popular social media platform TikTok from Chinese parent company ByteDance.

Continue reading...