Investors are becoming more confident about the continuing economic recovery, ignoring fears that new spikes of the coronavirus pandemic throughout the continent might prompt a return to partial or total lockdowns.
Stock-market benchmarks finished mostly higher on Monday as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their highflying counterparts.
U.S. stocks were modestly higher at the start of Monday’s trade after President Donald Trump over the weekend signed executive orders that would extend some elements of coronavirus relief. The measures face likely legal hurdles and questions about their effectiveness, however, while continued U.S.-China tensions might also cap upside, analysts say.
A group of billionaires including Bill Gates, MacKenzie Scott, Michael Bloomberg, Elon Musk and Mark Zuckerberg set a new standard for ‘public accountability for generosity.’