March 10 (Reuters) – The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S. history. Investors are shifting funds from tech stocks with lofty valuations to other groups, such as energy and financials, that are undervalued and more of a play on an improving economy in a post-COVID world than big tech is, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
Although Brazil has still not signed a contract with Pfizer, Economy Minister Paulo Guedes said that after Bolsonaro’s call the company had agreed to start delivering 14 million doses by June, up from 9 million in its prior offer. If you treasured this article so you would like to collect more info concerning ทางเข้า happyluke kindly visit the web page. economy reopens and sold the big tech names that have fueled the rally since last March. A rotation into sectors such as energy and financials continued, both in small- and large-cap stocks, as investors bet on consumer spending when the U.S.
An expected economic surge once the coronavirus vaccines are rolled out along with the monster fiscal stimulus have triggered inflation fears and a spike in Treasury yields, leading the Nasdaq to tumble as much as 12% from its Feb. Hopes of more fiscal support and signs of faster economic growth on speedy vaccine rollouts had lifted Wall Street’s main indexes to record highs last month, but worries that rising inflation could result in a sudden tapering of monetary stimulus have now prompted investors to dump equities.
Technology-related stocks, including Facebook Inc, Apple Inc and Amazon.com Inc, fell between 1% and 1.5% after bearing the brunt of the sell-off in the past three weeks on fears of higher interest rates as the benchmark 10-year Treasury yield scaled one-year highs. State Senator Rachel May, a Democrat from Syracuse, said of allegations the nursing home death toll was covered up: ‘If true, everyone involved in lying to the public and to the Legislature must resign immediately.
I can be your bodyguard’: Jan Blachowicz… Dana White labels judges’ scoring a ‘big problem’ as UFC… Israel Adesanya’s bid to become ‘champ champ’ fails as Jan… Israel Adesanya says he has no regrets over failed tilt at… If no other shoe drops. tremendous skill as a tactician.’ Analyst Arzt says Cuomo does have ‘his own inner circle that is still ready to go to war with him’, adding: ‘I do believe if anyone can get out of this, he can.
‘If anyone watched that fight and thought that was 4-1 you’re nuts, it was even going into the last round and Israel was winning the first half of the round, and then Jan took him down and won the fight in the second half of the round. Banks were among the rare gainers premarket as the yield on the benchmark 10-year note stood near a 13-month high, while Wall Street’s fear gauge jumped nearly 3 points and was on course for its biggest one-day rise this month.
Israel Adesanya’s bid to become ‘champ champ’ fails as Jan… Dana White labels judges’ scoring a ‘big problem’ as UFC… Israel Adesanya says he has no regrets over failed tilt at…