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FT.com - Financial MarketsJul 06, 2020
Global stocks gain as Chinese rally drives optimism
CSI 300 index rises over 5% as state media talk up bull market and investors bet on economic rebound

MarketWatchJul 06, 2020
NewsWatch: Dow climbs over 400 points, Nasdaq hits record as U.S. stocks follow surge in China markets
U.S. stocks surge near the start of Monday trade to kick off the first full week in July, with investors pegging at least part of the bullishness emanating from Wall Street to a powerful rally in China.

MarketWatch MarketPulseJul 06, 2020
Cuomo says Trump is 'enabling the virus' as cases grow outside the U.S.
New York Gov. Andrew Cuomo on Monday criticized President Donald Trump's response to the COVID-19 pandemic, calling out his comments about COVID-19 testing on the Fourth of July and his decision not to wear a mask. Trump on Saturday tweeted, "if we didn't test so much and so successfully, we would have very few cases." "He is facilitating the virus, he is enabling the virus, by statements like that," Cuomo said during a news conference. "You're seeing the infection rate go up, and the economy suffer." New York was once the epicenter of the coronavirus epidemic in the U.S., and the most recent daily figures show the state now has 817 hospitalizations, 518 new cases, and nine deaths, with Cuomo noting that cases have continued to decline since the state began its reopening process on May 15. However, in the rest of the U.S., at least 38 states are reporting increasing infections rates.

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



CNBC BusinessJul 06, 2020
Stocks making the biggest moves midday: Uber, Spotify, Tesla, Dominion Energy, Zoom Video & more
Uber shares get a boost on news of a deal with Postmates. Spotify falls on an analyst downgrade.

CNBC FinanceJul 06, 2020
Dow jumps nearly 400 points as tech leads market surge, Amazon and Netflix hit records
Stocks jumped on Monday as Wall Street tried to build on the momentum from last week's solid performance.

MarketWatch MarketPulseJul 06, 2020
Tesla's stock surges toward another record after the Street's most bearish analyst boosts price target
Shares of Tesla Inc. shot up 6.2% in premarket trading Monday, putting them on track to open at another record high, as even the most bearish Wall Street analyst got a little less bearish, after the electric vehicle maker's better-than-expected deliveries data released last week. The stock has soared 25.9% amid a 4-day win streak through Thursday, which included three-straight record closes. Analyst Ryan Brinkman at J.P. Morgan raised his stock price target to $295, which is 76% below Thursday's closing price of $1,208.66, from $275, as a result of the deliveries data, but his target remains the lowest of the 32 analysts surveyed by FactSet. Brinkman reiterated his underweight rating, citing a "lofty" valuation, and cautioned that any substantially better results could include items of a one-time nature, including credit sales and release of deferred revenue associated with autonomous driving features. Meanwhile, Deutsche Bank analyst Emmanuel Rosner raised his rating to $1,000 from $900, while keeping his rating at hold, citing the "robust" deliveries data. The average rating of the analysts surveyed by FactSet is now $774.98, or 36% below Thursday's closing price. The stock has now nearly tripled year to date (up 189%), while the S&P 500 has slipped 3.1%.

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



Yahoo BusinessJul 06, 2020
Stock market news live updates: Stocks jump, Nasdaq powers to record high as investors look past virus concerns
Stocks rose sharply Monday morning, after new economic data showed a much stronger than expected rebound in US service sector activity in June. The upbeat data helped investors shake off fears over rising infections, with coronavirus cases continuing to march higher globally and domestically.


RELATED ARTICLES
Stocks kick the week off higher as investors shrug off virus worries (USA Today Money)
China stocks surge after state media urges investors to load up (FT.com - Financial Markets)

MarketWatchJul 06, 2020
Metals Stocks: Gold rises back near $1,800 as U.S. dollar softens to start July's first full week
Gold futures head higher on Monday, supported in part by a weakening U.S. dollar, which was providing a runway for the commodity even as global stocks rallied.

MarketWatch MarketPulseJul 06, 2020
Shares of Immunomedics jump on positive confirmatory data for its breast-cancer drug
Shares of Immunomedics Inc. gained 6.9% in trading on Monday after the drugmaker said a confirmatory Phase 3 clinical trial of its breast-cancer drug Trodelvy met its primary and secondary endpoints. The Food and Drug Administration in April had approved Trodelvy as a third-line treatment for patients with metastatic triple-negative breast cancer; the latest research supports the accelerated approval that the FDA had previously granted to the drug. "We intend to certainly dominate the triple-negative setting that we are now indicated in [it], and I think the data and the label should make that very much doable," Immunomedics board chair Behzad Aghazadeh told investors during a call on Monday, according to a FactSet transcript. Immunomedics' stock has soared 89.2% since the start of the year. In comparison, the S&P 500 is down 3.1%.

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



Google Business NewsJul 06, 2020
Global Stocks Jump, Led by Surge in Chinese Markets - The Wall Street Journal
Global Stocks Jump, Led by Surge in Chinese Markets  The Wall Street JournalShanghai soars nearly 6%, leading gains in Asia as 'bull sentiment' drives markets  CNBCThe bull market is back for Chinese stocks  CNNHang Seng Index Breaks 25,000 as China A50 Tests a Key Resistance  DailyFXGlob
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