Optimism Drives Wall Street With Broad Stock Rally
Wall Street rallied on Friday as optimism returned to markets amid hopes of an economy reopening. The Dow rose 369.21 points to 26,075.30, the Nasdaq hit a new high at 10,617.44, and the S&P 500 gained 32.99 to 3,185.04. Cruise lines, airlines, and banks led gains while investors watched rising COVID-19 cases and a strong remdesivir update from Gilead Sciences.
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New York
Wall Street
Treasury
Florida
Gilead Sciences
Bob Shea
TrimTabs Asset Management
Fed
Shea
Carnival
Royal Caribbean Cruises
United Airlines
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Wilshire
Russell
Amazon Email banning TikTok to workers was a mistake
The email telling Amazon employees to delete TikTok from their phones was sent in error and contradicted by a later statement. Amazon said no policy change is in effect, while TikTok and the app’s critics highlight national security and data concerns surrounding ByteDance ownership.
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Amazon
TikTok
Jaci Anderson
U.S
Walmart
Mike Pompeo
ByteDance
Oakland
Calif
Facebook
Google
Apple
Zoom
California
Zon
Fed buys more corporate bonds to keep rates low
The Federal Reserve said it bought 1.3 billion dollars of corporate bonds in late June as part of efforts to keep rates low and aid borrowing. Purchases covered several hundred large issuers including AT&T PepsiCo and Berkshire Hathaway. Combined with earlier June buys the Fed has nearly 1.8 billion in corporate debt.
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Gilead News
Katerina Simonetti
UBS Private Wealth Management
S&p
Washington
Federal Reserve
Fed
At&t
PepsiCo
Berkshire Hathaway
Warren Buffett
UPS
Home Depot
Kinder Morgan
CVS
Rivian expands with EV factory in Illinois and investor round
Rivian plans to build 100000 electric delivery vans at a former Mitsubishi plant in Normal Illinois with funding of 2.5 billion from investors including Soros Coatue Fidelity and Baron. The rollout includes a pickup and SUV next year while Amazon and BlackRock participate in the round. Washington plans 1.3 billion in French tariffs delayed 180 days amid talks over France digital tax.
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T. Rowe Price
Amazon
Mitsubishi
Normal
Illinois
Rivian
Soros Fund Management
Coatue
Fidelity Management and Research
Baron Capital Group
BlackRock
U.S
Google
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YouTube
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Altimm
Marathno
Amber
McDalds
AmAirlines
Micront
Annaly
NiSource
BedBath
Nikola
Bionano
Boeing
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Roku
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SpiritAir
GeniusBio
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Target
Tesla Inc
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Intel
IBM
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WellsFargo Jaguars
Wendys Co
Keycorp
Workersts
Kohls
YumBrnds
Detroit
Trump
France
Office of the
J.B. Pritzker
RJ Scaringe
Rivian Automotive
HL Acqua
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AMD
WellsFargo
NYMX
CME
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Chicago Board of Trade
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SEC
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