Consumer Sentiment Soured in First Half of November
The University of Michigan's index of consumer sentiment declined for the two weeks straddling the national elections, as Republicans grew more pessimistic and Democrats worried about a surge in coronavirus infections.
Dow Heads for Second Week of Gains Amid Tech Retreat
Technology stocks are likely to be among this week's biggest losers as investors shifted bets to economically sensitive sectors such as banks and energy.
Analysis: ECB Rate Cut Unlikely After Vaccine Breakthrough
The European Central Bank's anticipated package of stimulus measures in December looks unlikely to include an interest rate cut following the recent breakthrough in developing a vaccine against Covid-19.
Covid Vaccine Stocks May Cause Excess Optimism, Losses
Vaccines from Pfizer and Moderna are essential to end the coronavirus pandemic, but investors should remain cautious about the long term business opportunity.
Covid-19 Vaccine, Election Results Boost Riskiest Borrowers
The U.S. election and good early results for a Covid-19 vaccine have given a double-boost to junk-rated companies such as American Airlines, Macy's and Occidental Petroleum.
Fed's Williams Says Covid Surge Puts Question Mark On Economic Outlook
The New York Fed leader said the recovery so far has been better than expected, but added that the rise of coronavirus cases puts a question over the outlook even as news of a potential vaccine suggests a solution to the crisis may be coming.
Tech Could Trip Up Biden's European Reunion
Investors can expect warmer words between Washington and Brussels under a Biden administration. But while trade tensions are likely to abate, an end to the skirmishes over tech and tax that marked the Trump era is too much to hope for.
Beijing Blasts America's New Investment Blacklist
Beijing condemned a move by President Trump to block American investments in some key Chinese companies, following a steep selloff in shares of several of the targets.
Fed's Bullard Says Economy Has Recovered Faster Than Expected
The economy has recovered from the coronavirus pandemic much quicker than expected, says Federal Reserve Bank of St. Louis leader James Bullard. He said continued risk-based health policy will be critical to maintaining economic momentum.
Investors Flock to SPACs, Where Risks Lurk
Startups in buzzy sectors such as electric vehicles and online gambling are going public using a structure that offers outsize potential rewards to backers while bypassing some safeguards of a traditional IPO.
(END) Dow Jones Newswires
11-13-20 1315ET
