Investors are now largely in a holding pattern, waiting to see how things shake out as states begin easing lockdown restrictions and look to reopen their economies. Whether people will go out and spend money remains a major question.
Analyst: “On most earnings calls (companies are) saying this quarter is going to be terrible and they have absolutely no idea what the rest of the year is going to look like.”
Stocks moved higher as Gilead Sciences posted encouraging results for a COVID-19 vaccine, plus more in Wednesday’s Closing Bell on Money & Markets.
The Nasdaq posted the biggest jump of the day, rising 3.1% by 3:30 p.m. as the darling of the pandemic, Amazon.com Inc., rose another 2%
Money & Markets Chief Investment Strategist Adam O’Dell has been pounding the table on the precious metal since early 2018, and even more so as of late 2019.
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