Stocks had their best day since April as investors were optimistic that an effective coronavirus vaccine could soon be on the horizon.
U.S. Federal Reserve Chair Jerome Powell also made some long-term bullish predictions for the U.S. economy, saying the Fed will print as much money as it needs in attempts to solve any short-term problems.
The Dow closed up, 3.8%. The S&P 500 gained 3.1%. And the Nasdaq was up 2.4%.
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The Dow Jones today will stay flat – after some correction from Monday’s big losses.
Although the People’s Bank of China set a midpoint for the Yuan, investors are still grappling with further trade war prospects.
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The Dow Jones today traded 70 points higher in pre-market trading after the U.S. Labor Department reported that new applications for unemployment benefits hit a 48-year low last week.
by Tim Melvin
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With U.S. markets tapped out, our Tim Melvin is going to show you how to look across the Pacific Ocean to find 2018's high returns…
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