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These 3 factors will support more stock-market gains as a staggered global economic recovery unfolds, JPMorgan says
6 days ago - By Business Insider
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More gains in the stock market are likely as a staggered global economic recovery unfolds, JPMorgan said in a note on Thursday.
"While there is a lot of talk about asset bubbles, it is hard to see one in the broad equity market," JPMorgan said.
These are the 3 factors that will support a continued rise in risky assets like stocks, according to JPMorgan.
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The stock market has more room to the upside as a staggered global economic recovery unfolds, JPMorgan said in a note on Thursday.
China led...
Read more ...US stocks build on record highs as tech shares gain and Fed policy stays supportive
6 days ago - By Business Insider
Summary List Placement Wall Street notched a new record high for stocks on Thursday, with tech shares leading the way after the Federal Reserve signaled its willingness to keep monetary policy directed toward supporting the recovery of the world's largest economy from the COVID-19 crisis.
The S&P 500 ended on its strongest level on record, adding to its highest close ever in the previous session. The benchmark's information technology sector fronted the advance while blue-chip stocks tracked on the Dow Jones Industrial Average overcame earlier losses.
Here's where US indexes stood at 4...
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