The S&P 500 edged higher in choppy trading on Wednesday as optimism over a pick up in business activity helped offset worries over simmering U.S.-China tensions, although gains were capped by losses in technology stocks.
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
In early trading on Wednesday, shares of American Express topped the list of the day's best performing Dow Jones Industrial Average components, trading up 5.6%. Year to date, American Express has lost about 20.0% of its value.
It's no big secret that Amazon (NASDAQ: AMZN) wants in on the video game industry. Like many of its tech industry peers, Amazon sees an opportunity for big bucks in the changing nature of video games. The free-to-play and games-as-a-service models are keeping revenue streams ope
If you're in your 20s and perhaps just starting out as an investor, you may look at the recent market downturn and economic uncertainty and say, "No thanks, I'll wait." But in fact, now is a great time to invest -- for a couple of reasons.
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.
All those stay-at-home and quarantine orders prompted by the coronavirus are having some positive investment implications, including streaming entertainment and work-from-home stocks, among others.
Adobe (NASDAQ: ADBE) and Salesforce (NYSE: CRM) are two cloud computing stocks that have outperformed the broader market throughout the COVID-19 crisis.
Soft-drink giant Coca-Cola (NYSE: KO) always faced a plethora of rivals, but none of them could match Coke's incredible brand power. E-commerce veteran Amazon.com (NASDAQ: AMZN) has carved out a similar space for itself in the booming market for cloud computing services. Amazon
If you want to find recession-proof stocks, look no further than the companies doing well amid the coronavirus pandemic. If a company can weather the global economic shutdown and uncertainty caused by the pandemic, it can survive a recession.
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
Reuters
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