The market fell for the first time in seven days.
In other worrying news, Texas reported a
of new coronavirus hospitalizations on Monday, weeks after it was one of the first states to ease social distancing guidelines and begin reopening.The job gains from last week “indicate the reopening of state economies has been successful in putting millions back to work, with leisure and hospitality leading the way,” according to Wilmington Trust chief investment officer Tony Roth.
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Once bitten, not shy: Investors again seek margin loans as stocks rallyGlobal banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.
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Stock market live updates: Futures jump, airline stocks up, S&P down 1% this yearA conversation on the latest market-moving news.
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'Multiple Positive Milestones' to Boost Media Stocks, Analyst SaysGuggenheim Securities analyst Michael Morris said that media stocks are set to outperform in the coming weeks, citing 'multiple positive milestones,' including the return of live sports and 'improving advertiser sentiment.' Details:
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European stocks open lower after strong rally last weekEuropean stocks slipped at the open on Monday, reversing after a huge rally last week. The German DAX undefined fell 1.1% and the U.K. FTSE 100 undefined...
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Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks upAsia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
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Japan stocks set to rise as U.S. jobs data bounces unexpectedlyStocks in Japan were set to trade higher at the open on Monday after U.S. jobs data released Friday hadan unexpected jump, spurring hopes of an economic recovery from the coronavirus pandemic.
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