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U.S. stocks rose Monday amid renewed optimism about a short-term solution to the coronavirus and the cooling of U.S.-China relations.
Investor sentiments rose Sunday after the Food and Drug Administration issued an emergency authorization for the use of convalescence plasma to treat COVID-19.The approach has not proven effective in opposing the virus in clinical trials and follows President Donald Trump’s calls to accelerate approvals of remedies.
This is where THE US indices are in the middle of the world. But it’s not the first time At 11:05 a.m.Monday ET:
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Investors also gained a respite from emerging tensions between the United States and China.Bloomberg reported Sunday night that the White House had secure corporations that they could continue to do business with WeChat, owned by Tencent, China, even after the United States.prohibition of applications.
According to Bloomberg, senior executives learned that a general ban would have a primary effect on the technology, communications and gaming industries, among others.
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The tech giants once returned led the market higher, with Apple achieving an all-time record.Microsoft, Facebook and Alphabet also won.
Travel agencies such as Delta Air Lines, United, Carnival Cruises and Royal Caribbean broke the news of possible treatments. Cruise and airline bookings have also recovered in the hope of a faster-than-expected vaccine, as such a drug would likely increase demand.near its prepandemic peak.
In short, gold rose above $1,960 an ounce at its stable level to resume its recent highs.Valuable steel jumped above $2,000 earlier in August, but fell soon after, as investors made a profit.
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