World stock markets rose Wednesday morning as European shares advanced despite new information that its regional economic recovery is unstable.
After Federal Reserve Chair Jerome Powell encouraged Congress to provide a new stimulus package, many traders and investors are keeping close tabs on how the coronavirus pandemic is affecting the U.S.'s economic outlook.
At a House of Representatives committee hearing Tuesday, Powell said that while the U.S. economy is improving in some areas, it's also showing signs of weakness in others after the expiration of $600 in extra weekly employment benefits.
In today's video, I have more on how global data impacts the stock market… the best entry zone for the Dow Jones… the best buy zone for the S&P 500… and one sell zone on the Nasdaq 100. |
0 Response to "Congress’s Decision Could Send Wall Street Into a Spiral"
Post a Comment