• Stocks shed gains but remain near records on vaccine hopes

    9 days ago - By Stl Today

    U.S. stock indexes have turned slightly lower in afternoon trading Wednesday, weighed down by declines in health care and technology companies.
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  • Stocks will hit a crucial 'turning point' in early 2021 as virus-stricken industries recover - but major indexes will only see moderate gains as mega-cap tech lags, says Citi's US equity chief

    Stocks will hit a crucial 'turning point' in early 2021 as virus-stricken industries recover - but major indexes will only see moderate gains as mega-cap tech lags, says Citi's US equity chief

    9 days ago - By Business Insider

    Summary List Placement
    Citi's Tobias Levkovich told CNBC on Wednesday stocks will hit a 'turning point' around February of 2021 when industries hit hardest by the pandemic begin to recover, and names that have been boosted by the shift to work-from-home lag behind, unable to match their levels from spring of 2020.
    The chief US equity strategist said major indexes will only see moderate gains in 2021, however, as mega-cap technology stocks lose momentum and cyclical stocks take the lead.
    His 2021 year-end price target for the S&P 500 is 3,800-a 5.5% upside from current levels and more...
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  • US stocks near records as vaccine hopes, virus fears collide

    US stocks near records as vaccine hopes, virus fears collide

    9 days ago - By Stl Today

    NEW YORK - U.S. stock indexes are drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future push some investors to look past the worsening pandemic in the present.
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  • US stock indexes drift as vaccine hopes, virus fears collide

    US stock indexes drift as vaccine hopes, virus fears collide

    9 days ago - By Stl Today

    NEW YORK - U.S. stock indexes are drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future push some investors to look past the the worsening pandemic in the present.
    Read more ...