{"id":21754,"date":"2020-07-06T19:17:00","date_gmt":"2020-07-06T16:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/investors-bid-up-all-three-major-us-indexes-on-services-sector-growth\/"},"modified":"2020-07-06T19:17:00","modified_gmt":"2020-07-06T16:17:00","slug":"investors-bid-up-all-three-major-us-indexes-on-services-sector-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/investors-bid-up-all-three-major-us-indexes-on-services-sector-growth\/","title":{"rendered":"#Investors bid up all three major US indexes on services sector growth"},"content":{"rendered":"

“#Investors bid up all three major US indexes on services sector growth<\/strong>”<\/p>\n

\n
\n
\n

July 6, 2020 |<\/span> 12:17pm <\/p>\n

\n Wall Street\u2019s major indexes climbed on Monday as data showing unexpected growth in the US services sector last month and optimism over China\u2019s economic revival helped investors look past a surge in new cases of COVID-19 at home.<\/p>\n

The ISM\u2019s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels, but a recent surge in COVID-19 cases in the US has threatened the emerging recovery.<\/p>\n

During Asian hours, Chinese stocks surged 5 percent on ample liquidity, cheap funding and expectations of a faster and a better bounce-back in business activity than other major countries that are still battling the coronavirus crisis.<\/p>\n

A slew of upbeat US data, including a record rise in June payrolls, has powered the Nasdaq to all-time highs and brought the S&P 500 and the Dow about 6 percent and 11 percent below their respective peaks from February.<\/p>\n

\u201cInvestors are more focused on what the other side of this pandemic looks like, as opposed to the short-term risks of shutdowns,\u201d said Matt Lindholm, managing director \u2014 investment strategies at CAZ Investments in Houston.<\/p>\n

A sharp jump in COVID-19 cases recently in the US has cast a shadow over the strong rally in stocks as many states have curtailed their reopening plans, threatening to derail the economic recovery.<\/p>\n

During the Independence Day weekend, several states reported a record increase in new infections, with Florida surpassing the highest daily tally reported by any European country during the peak of the outbreak.<\/p>\n

Shortly before noon, the Dow Jones Industrial Average was up 372.86\u00a0 points, at 26,200.22, the S&P 500 was up 48.50 points, at 3,178.51 and the Nasdaq Composite was up 243.52 points, at 10,451.15.<\/p>\n

All the 11 major S&P sectors were trading higher, with technology<\/a> and financial stocks providing the biggest boost to the benchmark S&P 500.<\/p>\n

Among individual shares, Tesla surged 9.9 percent, building on a four-day rally, after JPMorgan bumped up its price target for the electric-car maker\u2019s stock following its better-than-expected quarterly deliveries.<\/p>\n

Uber climbed 4.6 percent after the ride-sharing company agreed on a deal to buy food-delivery app<\/a> Postmates in a $2.65-billion all-stock agreement.<\/p>\n

Regeneron Pharmaceuticals gained 2.3 percent as the drugmaker said it had begun late-stage clinical trials to assess the effectiveness of its antibody cocktail in preventing and treating COVID-19.<\/p>\n

Dominion Energy and Duke Energy\u00a0 fell 7.9 percent and 2.8 percent, respectively, after the energy firms abandoned the $8-billion Atlantic Coast Pipeline project after a long delay to clear legal roadblocks almost doubled its estimated cost.<\/p>\n

Advancing issues outnumbered decliners by a 4.28-to-1 ratio on the NYSE, and a 2.50-to-1 ratio on the Nasdaq.<\/p>\n

The S&P index recorded 31 new 52-week highs and no new low, while the Nasdaq recorded 115 new highs and nine new lows.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

\n

If you want to read more Business News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

if you want to watch Movies<\/a> or Tv Shows go to Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

“#Investors bid up all three major US indexes on services sector growth” July 6, 2020 | 12:17pm Wall Street\u2019s major indexes climbed on Monday as data showing unexpected growth in the US services sector last month and optimism over China\u2019s economic revival helped investors look past a surge in new cases of COVID-19 at home….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[33549],"class_list":["post-21754","post","type-post","status-publish","format-standard","hentry","category-general","tag-investors-bid-up-all-three-major-us-indexes-on-services-sector-growth"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/21754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=21754"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/21754\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=21754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=21754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=21754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}