While in Q2 2020 the stock markets have managed to rebound considerably well after a major correction in Q1 2020, the Fed Chairman and Treasury Secretary warned that failing to control the rising COVID-19 cases can put major pressure on the U.S. economy.
According to the Federal Reserve, the U.S. economy faces “considerable risks” over the medium term. The Fed promised to maintain a near-zero level of interest rates and keep buying bonds.
Nasdaq Composite became the first of the big three indexes to bounce back to a record high. On Monday, it rose to 9,924.75, closing at the highest since February 19 when it ended at 9,817.18.
Despite the massive downturn on the real estate market, realtors in America are still hopeful they will see a rebound next year. However, some speculators believe the drop in pending contract sales and property values will drop even more soon. How will Bitcoin react?
U.S. bank stocks are rising on the hope that the economy is slowly bouncing back after a lockdown due to the coronavirus pandemic.
The U.S. economy is going through an unprecedented recession and a recovery will take time. However, Federal Reserve Chairman Jerome Powell is optimistic about it. Dow futures are up after his interview.
Jim Cramer says that it’s high time to start buying stocks. He claimed this as there was a broad market selloff in the last trading sessions.
Bitcoin price surged 16% and crossed $9,200 by now. Market factors include the beginning of the removal of quarantine in the EU and the most powerful emission of the Central Bank of the EU and the Fed.
With more than 160,000 confirmed cases, the New York coronavirus infection volume is now the world’s largest. New York now has more confirmed cases than any country in the world.
U.S. stocks soared on Thursday to post their best week of gains since 1974, extending a remarkable rally despite evidence of increasing economic strain due to the coronavirus pandemic.