GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Love me, love me not… Stocks rallied yesterday for a third straight session as investors focus on economic recovery. Tensions are heating up between the US and China once again, escaping the gaze of exuberant investors… for now.

Start your engines. Stocks surged yesterday as traders were encouraged by new potential vaccine candidates and the slow, but sure reopening of Main Street. The iconic floor of the New York Stock Exchange reopened yesterday after being shuttered for the past 8 weeks.

Added to the list. Stocks posted a mixed close ahead of the extended holiday weekend. A weak outlook from China held stocks back but traders managed to erase earlier losses, fueled by optimism that the US is slowly coming back to life.

No rest. Stocks slipped yesterday on weak economic data and renewed tensions between the US and China. The weak numbers were almost expected, the Presidential Tweets, not so much, worrying investors that a new cold war is on the horizon.

The long road home. Stocks staged a rally yesterday as another virus treatment candidate emerged with promising results. The Fed is worried about the lasting effects the pandemic will have on the economy and is willing to do whatever it takes to keep it healthy.

Shaky foundations. Stocks slipped late in yesterday’s session after a medical blog questioned Moderna’s Phase-1 results, out just a day earlier. The sharp moves in stocks highlight investors’ desires for clarity on the future of the economy, though none exist… yet.