MARKET OPEN: A better mood on Wall Street may spur some local buying

Fri, 15 May 2020

Improving sentiment on Wall Street could spill over into the domestic equities market, particularly as investors digest the massive stimulus announced in yesterday’s budget. Wall Street was in positive territory despite dire data, ongoing US-China tensions, downbeat comments from the US Federal Reserve and an ousted health official testifying that the US could face its “darkest winter” if it doesn't improve its response to covid-19. Labor Department data showed initial claims for state unemployment benefits totalled a seasonally adjusted...

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