| Stocks Up As Optimism For The Reopening Helps Offset A Tumultuous Weekend  Image: Bigstock Stocks closed higher yesterday to start the week on a positive note.
Continued optimism for the reopening of our economy underpinned stocks, in spite of the tragic economic set back due to rioters over the weekend vandalizing and looting businesses.
But those who can open are anxious to do so. And the communities they operate in are eager to support them.
It also looks like there's growing momentum for a fourth relief/stimulus bill to further help those hurt by the pandemic. States and businesses are even more in need of assistance in the wake of additional hardships after the weekend unrest.
Traders will also keep watching developments from the White House concerning China. On Friday, the President announced several steps his administration is taking in response to numerous grievances, including China's role in the spread of the coronavirus, and the passage of new security measures that threaten the autonomy and liberties of the people of Hong Kong.
Traders were relieved after the announcement on Friday, as the actions, while strong, appeared to be less severe than had been feared. But we also haven't heard back from China on whether there will be any retaliation, and if so, what?
For now, the focus remains on the reopening of our economy.
And that continues to fuel stocks.
See you tomorrow, 
Kevin Matras Executive Vice President, Zacks Investment Research | Most Popular Articles from Zacks.com | 
Image: Bigstock | By keeping an eye on this key metric over multiple time periods, one can clearly understand a company's growth trend. Read More » | | 
Image: Bigstock | Space exploration and tourism are expected to grow into a more than $800 billion industry in the coming decade. Read More » | | 
Image: Bigstock | We dive into three industry stocks that appear set to grow during the pandemic-induced downturn and the eventual recovery. Read More » | | 
Image: Bigstock | As mortgage rates hit new all-time lows, prospective home-buyers are entering the housing market once again. Read More » | | 
Image: Bigstock | The industry appears poised to benefit in the near term, providing the vital lifeline to millions in order to stay connected in the digital world. Read More » | | Sponsor Today, See Zacks' Top Stocks for Free
Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. From 2017 through 2019 they gained +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies with formulas you can use to find high-potential gainers anytime you please.
See Stocks Free >> |
| 
Image: Shutterstock | Big customers like Toyota and NASA confirm the value of this cloud content ecosystem with surging profits. Read More » | | 
| Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More » | | | Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com. | | | | Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market. | | Get all of our market insights and much more when you connect with us. | | |
没有评论:
发表评论