News Highlights: Top Global Markets News of the Day

11/24/2020 | 05:16pm
Dow Jones Industrial Average Crosses 30000 for First Time 
 

The latest rise for the blue-chip index was powered by investors' bets that scientists are on the brink of pushing through a coronavirus vaccine effective enough to help the economy build on a fragile recovery.

 
Federal Reserve Can Restart Emergency Lending If Needed, New York Fed's Williams Says 
 

The Federal Reserve is well prepared to navigate the U.S. economy's challenging path to recover from the effects of the coronavirus pandemic, and the central bank can resume emergency lending efforts if it deems it necessary, Federal Reserve Bank of New York President John Williams said Tuesday.

 
Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard 
 

The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.

 
Consumer Confidence Dropped in November 
 

Consumers' views of the economic outlook soured in November as coronavirus cases soared across the country, according to survey data released Tuesday.

 
Oil Price Rally Signals Optimism on Global Growth 
 

A recent rise in oil prices continued on Tuesday, sending crude to its highest level since early March with investors wagering on a brighter economic outlook and higher demand for fuel.

 
U.S. Home-Price Growth Accelerated in September 
 

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 7% in the year that ended in September.

 
Behind Dow 30000: A Self-Perpetuating Upward Cycle 
 

Low interest rates and a buy-the-dip mantra have locked stocks in an ascending spiral, defying the pandemic and economic woes. Pessimists say today's gains will inevitably lower returns tomorrow, and Covid-19 is still a wild card. 'It's crazy. It's a stock market I never thought I'd see.'

 
Vaccine Hopes Send Record Funds to Emerging Markets 
 

The amount of money flowing into emerging-market funds last week hit an all-time high, as advances in vaccine development and a weaker dollar boosted investors' risk appetite.

 
Yellen Will Confront a Cooling Economic Recovery, Uncertain Stimulus Prospects 
 

President-elect Joe Biden's pick to be Treasury secretary will play a key role pushing for more aid for an economy battered by the coronavirus pandemic and related shutdowns.

 
Germany's DAX Index Changes Rules After Wirecard Collapse 
 

Germany's leading stock index expanded its size and changed rules to boost the quality of its constituent companies, a move sparked in part by the collapse of payment company Wirecard caused by a multibillion-dollar fraud.

(END) Dow Jones Newswires

11-24-20 1715ET

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