Dow Heads for Second Week of Gains, Tech Stocks Edge Up
Technology stocks are likely to be among this week's laggards as investors shifted bets to economically sensitive sectors such as banks and energy.
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.
Freddie Mac CEO Quits
The chief executive of mortgage-finance company Freddie Mac plans to step down in January.
U.S. Oil-Rig Count Rises by 10 in Latest Week
The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 236, according to oil-field services firm Baker Hughes.
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.
(END) Dow Jones Newswires
11-13-20 1515ET