© Reuters. Man on a bicycle against the background of the New York Stock Exchange
–
(Reuters) – US stocks are trading unchanged on Wednesday after a significant rebound the day before, as optimism about $ 2 trillion incentive measures subsides, and concerns about the continued economic impact of the pandemic remain.
Reports that Washington reached an agreement on incentives to help companies and millions of Americans support the market, but fears of an impending global recession and the likelihood of corporate defaults put pressure on it.
“Markets will remain very volatile until one of three things happens: either the number of new infections in the US will peak, some medicine or vaccine will appear, or the US economy will reopen,” said Randy Watts of William O’Neil + Co.
The index by 18:30 Moscow time has grown by 2.41% to 21.204.23 points, the S&P 500 – by 0.64% to 2.463.10 points, and fell by 0.22% to 7.401.23 points.
Paper Boeing co (NYSE 🙂 soared 28% after sources said the company plans to resume production of the 737 MAX airliners by May after a several-month stop following a flight ban after a series of crashes.
Stocks Nike (NYSE 🙂 climbed more than 10% after the company reported higher-than-expected quarterly revenue and said sales in China were recovering thanks to online orders.
Securities of American Airlines (NASDAQ :), Carnival Corp (LON :), MGM Resorts and Norwegian Cruise Line Holdings jumped 13-23%.
(Take away Sampat Kumar and Medha Singh in Bangalore. Translated by Vladimir Sadykov; editor Anton Kolodyazhny)
–
Fusion media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
–
