Voice of America
28 May 2020, 05:35 GMT+10
Continued investor optimism about an economic recovery sent U.S. stocks climbing Wednesday.
The Dow Jones industrial average rose 533 points, or 2%, closing above 25,000 for the first time since March, when the economic fallout from the coronavirus pandemic began to be felt. The S&P 500 and Nasdaq indexes were both 1% higher.
Wednesday's gains were led by bank shares - one sign that investors feel confident about an economic rebound. But the price of shares in companies that thrive when people are locked down in their homes, including Zoom and Amazon, fell.
Major European indexes were also up Wednesday - London and Frankfurt by 1%, and Paris 2% higher.
But Asian markets were mixed over concern about China's new security law for Hong Kong, which Chinese lawmakers are expected to rubber-stamp on Thursday.
Hong Kong and Shanghai markets were both down a fraction, while Japan's Nikkei index was up nearly 1%.
Get a daily dose of Cardiff Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.
More InformationLONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
by Xinhua writer Zhang Yunlong BEIJING, July 14 (Xinhua) -- As temperatures climb across China, its film market is also heating up,...
London [UK], July 14 (ANI): India's right-arm seamer Mohammed Siraj has been penalised 15 per cent of his match fee after a breach...
London [UK], July 14 (ANI): Ahead of Day 5 of the third Test between India and England at Home of Cricket, the Indian team is in a...
New Delhi [India], July 14 (ANI): Former cricketers Yuvraj Singh, Suresh Raina, Chris Gayle, AB De Villiers, and Shikhar Dhawan, among...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...