Monday, April 27, 2020 6:08:09 PM
Dow Jones, U.S. Stocks Rise As Countries Begin To Reopen Economies
https://www.investors.com/market-trend/stock-market-today/dow-jones-us-stocks-rise-as-countries-begin-to-reopen-economies/
As of around noon, the Dow Jones Industrial Average gained 366 points, or 1.5%. Meanwhile, the S&P 500 advanced 1.5% and the Nasdaq added 1.2%.
Investors turned bullish at the notion that stimulus measures and the easing of lockdown conditions worldwide will help boost economic activity. In the U.S. over the weekend, some states allowed retailers and salon-type businesses to reopen. In addition, countries including Italy and Spain signaled that they may loosen restrictions in the coming weeks.
New York Gov. Andrew Cuomo on Sunday said the state plans to reopen its economy in phases.
Finally, a flood of U.S. companies — including Dow giant Apple (AAPL), Amazon (AMZN), Tesla (TSLA) and Facebook (FB) — are slated to report their Q1 earnings in the coming days.
Over in the Dow Jones, roughly 24 out of the 30 blue-chip components rose on the stock market today, with 19 rising 1% or more. Stocks showing strength included financials like Goldman Sachs (GS) and JPMorgan Chase (JPM), as well as industrial giant 3M (MMM).
Apple (AAPL) fell 0.1% on the stock market today, due to a report that the company would be delaying production of new iPhones by about a month. Consumer demand for Apple products remains somewhat dented by the coronavirus pandemic. Apple reports Q1 earnings on Thursday.
The growth-focused Innovator IBD 50 ETF (FFTY), which gained 25.7% in 2019, rose 1.8% on Monday.
Stocks on the move include Zoom Video (ZM), Emergent BioSolutions (EBS) and Zynex (ZYXI).
Top coronavirus stock play Zoom Video traded nearly 5% higher, as the stock is now soaring nearly 30% above its 50-day line.
Among other top-performing stocks, Emergent BioSolutions rose over 6% Monday. The stock broke out past a 71.29 consolidation buy point last week and remains extended past its 5% buy zone. Emergent BioSolutions maintains a 96 Relative Strength Rating and its RS line is hitting all-time highs.
https://stockcharts.com/freecharts/candleglance.html?sdow,udow,sqqq,tqqq,spxs,spxl,tza,tna,ssg,smh,faz,fas|B|D20|
https://stockcharts.com/freecharts/candleglance.html?AAPL,AMZN,FB,NFLX,TSLA,WMT,EBS,ZM,ZYXI,M,TGT,XRT|B|D20|0
https://www.investors.com/market-trend/stock-market-today/dow-jones-us-stocks-rise-as-countries-begin-to-reopen-economies/
As of around noon, the Dow Jones Industrial Average gained 366 points, or 1.5%. Meanwhile, the S&P 500 advanced 1.5% and the Nasdaq added 1.2%.
Investors turned bullish at the notion that stimulus measures and the easing of lockdown conditions worldwide will help boost economic activity. In the U.S. over the weekend, some states allowed retailers and salon-type businesses to reopen. In addition, countries including Italy and Spain signaled that they may loosen restrictions in the coming weeks.
New York Gov. Andrew Cuomo on Sunday said the state plans to reopen its economy in phases.
Finally, a flood of U.S. companies — including Dow giant Apple (AAPL), Amazon (AMZN), Tesla (TSLA) and Facebook (FB) — are slated to report their Q1 earnings in the coming days.
Over in the Dow Jones, roughly 24 out of the 30 blue-chip components rose on the stock market today, with 19 rising 1% or more. Stocks showing strength included financials like Goldman Sachs (GS) and JPMorgan Chase (JPM), as well as industrial giant 3M (MMM).
Apple (AAPL) fell 0.1% on the stock market today, due to a report that the company would be delaying production of new iPhones by about a month. Consumer demand for Apple products remains somewhat dented by the coronavirus pandemic. Apple reports Q1 earnings on Thursday.
The growth-focused Innovator IBD 50 ETF (FFTY), which gained 25.7% in 2019, rose 1.8% on Monday.
Stocks on the move include Zoom Video (ZM), Emergent BioSolutions (EBS) and Zynex (ZYXI).
Top coronavirus stock play Zoom Video traded nearly 5% higher, as the stock is now soaring nearly 30% above its 50-day line.
Among other top-performing stocks, Emergent BioSolutions rose over 6% Monday. The stock broke out past a 71.29 consolidation buy point last week and remains extended past its 5% buy zone. Emergent BioSolutions maintains a 96 Relative Strength Rating and its RS line is hitting all-time highs.
https://stockcharts.com/freecharts/candleglance.html?sdow,udow,sqqq,tqqq,spxs,spxl,tza,tna,ssg,smh,faz,fas|B|D20|
https://stockcharts.com/freecharts/candleglance.html?AAPL,AMZN,FB,NFLX,TSLA,WMT,EBS,ZM,ZYXI,M,TGT,XRT|B|D20|0
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