Wall Street Rallies ; Vaccine and Stimulus Package
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Posted On: 12/14/2020 11:33:30 AM
Wall Street Rallies ; Vaccine and Stimulus Package to the Market.
Stocks are rising on Wall Street Monday, as the country’s first vaccinations against COVID-19 have the end of the pandemic slowly materializing into hazy sight.
Hospital workers are unloading the first batches of a coronavirus vaccine developed by Pfizer and its German partner, BioNTech, following its approval for emergency use by U.S. regulators. Smaller companies were also rising more than their larger rivals, an indication that investors are feeling more confident about the economy’s prospects. The Russell 2000 index of smaller stocks gained 1.5%.
To help in the interim, economists and investors have been asking Congress to deliver another round of financial support for the economy. Democratic and Republican legislators have been discussing a bipartisan possibility, which has raised hopes on Wall Street recently. Best case scenario they will have a agreement on how much funds it will be at the end of the weeks meeting.
Once the trillions of dollars (money printing) reach the Joe on the street, a fair part of it will be invested in the stock market and increase the trust of government want let the stock market fall - instead the companies who has survived the rough year, will get additional support to comeback stronger and with that get more jobs going up again.
This will among others give Lexaria a chance to take part of the new funds!
Read More: https://investorshangout.com/post/view?id=598...z6gcHsRzeI
Stocks are rising on Wall Street Monday, as the country’s first vaccinations against COVID-19 have the end of the pandemic slowly materializing into hazy sight.
Hospital workers are unloading the first batches of a coronavirus vaccine developed by Pfizer and its German partner, BioNTech, following its approval for emergency use by U.S. regulators. Smaller companies were also rising more than their larger rivals, an indication that investors are feeling more confident about the economy’s prospects. The Russell 2000 index of smaller stocks gained 1.5%.
To help in the interim, economists and investors have been asking Congress to deliver another round of financial support for the economy. Democratic and Republican legislators have been discussing a bipartisan possibility, which has raised hopes on Wall Street recently. Best case scenario they will have a agreement on how much funds it will be at the end of the weeks meeting.
Once the trillions of dollars (money printing) reach the Joe on the street, a fair part of it will be invested in the stock market and increase the trust of government want let the stock market fall - instead the companies who has survived the rough year, will get additional support to comeback stronger and with that get more jobs going up again.
This will among others give Lexaria a chance to take part of the new funds!
Read More: https://investorshangout.com/post/view?id=598...z6gcHsRzeI
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