Reports that China's central bank will be taking measures to prop up the suffering economy gave stocks a boost, too
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| | | 2/04/2020 | |
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| Stocks Strengthened by Tesla, Tech | | By Lillian Currens | | Day two of U.S. stocks' recent rebound continues with the Dow Jones Industrial Average (DJI) marking a roughly 400-point pop in afternoon trading. Tech remains in the spotlight midday, with chip stocks Nvidia (NVDA) and Micron Technology (MU) brushing off last weeks coronavirus headwinds. Elsewhere, traders are turning their attention to Tesla (TSLA) for a second day, which is enjoying a seemingly unstoppable rally, pushing past the $940 mark for the first time ever earlier. U.S.-listed Chinese stocks appear to be making a comeback too, on reports that the Chinese central bank will be taking measures to prop up an economy currently devastated by virus anxieties. Against this backdrop, the S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC) aren't far behind the Dow, with both indexes trading well above the breakeven mark at midday. Continue reading for more on today's market, including:
- The China stock ready to bounce back on bull note.
- Options bulls are looking to clean up with Clorox stock after earnings.
- Plus, AI announcement attracts options bulls to Avya; MYO stock almost triples; and C-suite shakeup slams MFGP stock.
| | >> Continue reading... | |
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