Headline Roundup • December 8th, 2020
Markets Show Positive Signs Amid Vaccine Development, Stimulus Push
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New York Post (News)
One of the most turbulent years in modern history is coming to an end — and hedge funds are racking up their best returns in a generation.
Hedge Fund Research’s HFRI 500 — an equal-weighted index of the world’s largest hedge funds’ returns — soared 6.2 percent in November from October, its biggest month-to-month gain since December 1999 and the second-largest month-to-month increase since the index’s inception in 1990.
Year to date, the HFRI 500 is up a whopping 7.3 percent.
The record-setting monthly performance comes after the coronavirus outbreak...
Stock futures rose Tuesday evening as lawmakers appeared to draw closer to an agreement for another round of virus-relief measures.
The three major indices ended the regular session higher after falling earlier in the day. The Dow and S&P 500 each reversed losses from Monday, and the Nasdaq jumped to yet another record closing high.
More upbeat developments on a stimulus package helped alleviate concerns over economic fallout that might emerge as COVID-19 cases surge and trigger more lockdowns. Treasury Secretary Steven Mnuchin said in a statement on Twitter that...
Associated Press
Technology and health care companies helped drive stocks to more gains Tuesday, leading to another round of milestones on Wall Street.
The S&P 500 index rose 0.3%, eclipsing the all-time high it set on Friday. The Nasdaq composite and Russell 2000 index of small company stocks also set record highs. The likelihood that one or more coronavirus vaccines could begin to be distributed in the U.S. in coming weeks has kept investors in a buying mood, boosting their optimism for an economic recovery next year.
The gains, which followed a...
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