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Forbes HeadlinesJul 06, 2020
Dow Jones Futures: Coronavirus Stock Market Rally Roars, Investors Ignore Covid-19 Surge; S&P 500 Stocks Build On Bullish Momentum
The DJIA futures, along with S&P 500 futures, have started the third quarter with a bang as there is significant optimism among investors over fiscal stimulus and economic recovery.

Yahoo BusinessJul 06, 2020
Hong Kong Stocks Enter Bull Market After $1.1 Trillion Rebound
(Bloomberg) -- Hong Kong stocks joined the rest of the world in bull market territory Monday, after a more than $1.1 trillion rebound.The Hang Seng Index jumped 3.8%, extending its rally from March's low to 21%. Tencent Holdings Ltd. and Hong Kong Exchanges & Clearing Ltd. have contributed 42% of the benchmark's gains during the period, according to data compiled by Bloomberg. Sino Biopharmaceutical Ltd., the gauge's biggest gainer of 2020 as of June 30, and Tencent were the only two Hang Seng members to fall Monday while underperforming sectors in Hong Kong -- including autos, commodities and financials -- soared.Mainland investors have been buying record amounts of Hong Kong equities, while sentiment has been fueled by a heavy activity of initial public offerings and secondary listings of U.S.-listed Chinese companies, triggering inflows into new-economy shares and HKEX. Meanwhile, mainland stocks have surged to multiyear highs.Despite the recent jump, the Hang Seng Index needs to rise another 10% to reach pre-pandemic levels. Only nine of the gauge's 50 stocks are higher for 2020.However, Jefferies predicts the index should reach 30,000 by year-end, thanks to factors including interest rates and no evidence of outflows despite the city's economy being in a year-long recession. Hong Kong's economy suffered its biggest-ever contraction in the first quarter, and the government expects the city's economy to shrink between 4% and 7% in 2020.A few technical bullish signs are still flashing in the market. Th - Financial MarketsJul 06, 2020
Chinese stocks surge in biggest 1-day jump for over a year
CSI 300 rises more than 5% as state media talk up bull market and investors bet on economic rebound

MarketWatch Breaking NewsJul 06, 2020
European stocks, U.S. futures climb as economic hopes offset Covid-19 spread
European stocks, U.S. futures climb as economic hopes offset Covid-19 spread

Stocks in Europe rally on economic optimism - MarketWatch (Google Business News)

MarketWatchJul 06, 2020
Europe Markets: Stocks in Europe rally on economic optimism
European stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India.

MarketWatch MarketPulseJul 06, 2020
Uber to buy Postmates for $2.65 billion: reports
Uber Technologies Inc. has agreed to purchase food-delivery service Postmates for around $2.65 billion, according to media reports Sunday night. Bloomberg News and the New York Times both reported the deal, which is expected to be formally announced as soon as Monday. Postmates would be absorbed into the Uber Eats service, with Uber Eats chief Pierre-Dimitri Gore-Coty running the combined company, the reports said. Reports of a pending deal first surfaced last week, after Uber failed in a bid earlier this year to acquire rival food-delivery company GrubHub.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Yahoo BusinessJul 05, 2020
Hedge Funds Aren't Crazy About Revolve Group, Inc. (RVLV) Anymore
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

MarketWatch MarketPulseJul 05, 2020
U.S. stock futures rise as coronavirus cases continue to surge
U.S. stock index futures steadily gained late Sunday, ahead of Wall Street's return from a three-day holiday weekend. As of 10:30 p.m. Eastern, Dow Jones Industrial Average futures were up around 260 points, or 1%, while S&P 500 futures rose 0.9% and Nasdaq-100 futures advanced 1.2%. The number of coronavirus cases continued to surge in the U.S., with at least 120,000 new cases reported over the weekend. U.S. financial markets were closed Friday for the observance of Independence Day. For the holiday-shortened week, the Dow rose 3.3%, the S&P 500 gained 4%, while the Nasdaq advanced 4.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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