Stock market news live updates: Stocks rise, Dow adds 300+ points amid vaccine, stimulus optimism, 8/11/20
https://finance.yahoo.com/news/stock-market-news-live-august-11-2020-222729869.html
Stocks mostly rose Tuesday, with the S&P 500 closing in on a record level as hopes for a vaccine and further stimulus spurred a global risk rally and a pop in “reopening” stocks. The Nasdaq underperformed again as shares of Big Tech names Facebook (FB), Amazon (AMZN) and Netflix (NFLX) extended Monday’s losses and gave back some of their sharp year-to-date gains.
Russia’s President Vladimir Putin said Tuesday that Russia became the first country globally to give regulatory approval to a Covid-19 vaccine, ...
... "some names in the Nasdaq – in particular, cloud and some other areas like stay-at-home stocks, are pretty egregiously expensive.
Some of these names are a 1000x earnings, 50x cash flow.”
[blah blah Trump's stimulus orders blah blah]
During remarks late Monday, Trump added that he was
considering a capital gains tax cut.
10:06 AM ET: Dow up 298 (+1.07%), S&P 500 up 6 (+0.17%), Nasdaq down 85 (-0.76%)
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