The Dow Jones and S&P 500 indices posted fresh all-time closing highs on Monday after the drug-maker Moderna announced positive data for its COVID-19 vaccine candidate, raising expectations of a strong global economic recovery.
The S&P 500 index posted an all-time closing high on Friday amid the growing optimism on an effective COVID-19 vaccine by Pfizer which will lead to a global economic recovery.
The US stock indices continue their post-election rally hitting fresh all-time highs as investors react to Democrat Joe Biden’s win in the U.S presidential election race against Republican President Donald Trump together with the news that an experimental vaccine from Pfizer Inc found to be over 90% effective in preventing COVID-19.
The unpresented hard landing in the global aviation industry demonstrates the significant impact and magnitude of the COVID-19 pandemic in the entire airline space. According to official travel data, more than 40 commercial airlines have already bankrupted or suspended their operations in 2020 so far, failing to survive the worst financial crisis in aviation history.
Two devastating explosions have heavily damaged the Lebanese capital of Beirut on Tuesday afternoon local time, killing more than 100 people, injuring nearly 4,000, and leaving homeless more than 300,000 residents.
Global markets dropped on Friday, extending the weekly losses in response to the growing worries about the V-shaped global economic recovery as several US states posted record spike in coronavirus cases, while the World Health Organization warned that the pandemic is accelerating around the globe.
Tesla Inc. (TSLA), the California-based electric vehicle maker has become the world’s most valuable car company with $250 billion market value, with its share price climbing to record highs of $1.400 at the beginning of June.
The European Commission, amid the coronavirus outbreak, approved a Finnish guarantee plan of around $671 million (€600 million) in supporting the maritime companies.
As we closed the quarter, US markets had their best quarterly performance since 2008. Not bad considering the devastation we witnessed when COVID19 broke out. However, the bounce is not spread out evenly against all sectors or stocks.
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