U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the ...
REUTERS: U.S. stocks jumped on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug.
"Looking at this morning's number in aggregate, this is another indicator that a V-shaped recovery could be more likely than we initially thought," said Mike Loewengart, managing director of investment strategy at E*TRADE Financial Corp. Powell's remarks are set to come after the U.S. central bank issued a grim outlook last week, sparking a pullback in a stock market rally that has powered the Nasdaq to fresh record highs.
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