The Wall Street economy jumped 300 points

                  The Wall Street economy jumped 300 points

Frontline markets continue to rebound Wednesday as the economy opens successfully

There is optimism and a possible coronavirus vaccine is being launched on Wall Street.

Important facts

The Dow Jones Industrial Average was up more than 300 points, or 1.2 percent, to open Wednesday, while the S&P 500 was up 0.9 percent and the Nasdaq was up 0.1 percent.

The European Commission announced plans on Wednesday for a recovery fund of 82 6,826.5 billion to help tackle the economic downturn caused by the coronavirus epidemic.

Stocks are rising sharply in anticipation of rising expectations on Wall Street, where states have started to reopen businesses and several companies are working on possible vaccines for the coronavirus.

Earlier this week, biotech company Novavix said it had launched the first clinical trial for its experimental coronavirus vaccine, while the pharmaceutical giant announced that it was working with scientific research organization IAVI to develop the vaccine. Working together

Shares that would benefit from the reopening rose again on Wednesday, with cruise operators like Carnival and Norwegian cruise lines, airlines like United and American, and retailers Gap and Kohl.


Economic data released Tuesday also helped boost market confidence: consumer confidence rose to 86.6 more than expected this month, from 85.7 in April, and new home sales last month. It is also considered to be the best.

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According to Andrew Smith, chief investment strategist at Dallas Capital Advisors, "the stock market is trading at a faster rate than expected." It is expected, "he added, that his company is linked to key areas of the consumer sector, such as the defense sector and the economic recession in the public and financial services sectors."

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Rising Tensions Between the United States and China Many experts are concerned about the derailment of the first round of trade deals. Trump has been repeatedly threatened to do so. White House national security adviser Robert O'Brien said last Sunday that the United States is likely to impose sanctions on China if it implements a new national security law that would give it more control over Hong Kong.۔

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