“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discussed the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next.
The S&P 500 and Nasdaq Composite recovered from earlier losses as big tech shares continued to be a bright spot in the market and pushed the indexes higher. But the Dow Jones Industrial Average closed more than 100 points lower amid broader fears over a resurgence in coronavirus cases.The Nasdaq Composite outperformed during Monday's session, and is positive for the year, unlike the S&P 500 and Dow which are both lower.Nasdaq gained 0.
During Monday's trading session a number of stocks rose to record highs amid ongoing hopes that states' economies will begin to reopen.Nvidia trading at all-time high levels back to its IPO in Jan. 1999Fastenal trading at all-time high levels back to its IPO in Aug. 1987ServiceNow trading at all-time high levels back to its IPO in June 2012With less than one hour left in the trading day, the Nasdaq Composite was on pace to post a six-session winning streak.
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Stock market live updates: Dow down 200, reopening jitters, Tudor Jones bets on bitcoin“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next.
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