Asian shares set for bouncy session after Wall Street gains, weak dollar

WASHINGTON (Reuters) – Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safe-haven assets, including the dollar, were mixed.

FILE PHOTO: A man wearing a protective face mask following an outbreak of the coronavirus disease (COVID-19) walks past a screen displaying the world’s markets indices outside a brokerage in Tokyo, Japan, March 17, 2020. REUTERS/Issei Kato

Global investors spent the session digesting the rising number of COVID-19 cases and a chaotic U.S. presidential debate, while taking in better-than-expected U.S. private jobs data on the last day of a volatile quarter.

All three major indexes surged after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin expressed hope for a breakthrough in partisan stimulus negotiations.

But they pared gains after Senate Majority Leader Mitch McConnell warned the sides remain “far apart” in their talks.

“Between the

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GLOBAL MARKETS-Asian shares set for bouncy session after Wall Street gains, weak dollar

By Katanga Johnson

WASHINGTON, Sept 30 (Reuters)Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safe-haven assets, including the dollar, were mixed.

Global investors spent the session digesting the rising number of COVID-19 cases and a chaotic U.S. presidential debate, while taking in better-than-expected U.S. private jobs data on the last day of a volatile quarter.

All three major indexes surged after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin expressed hope for a breakthrough in partisan stimulus negotiations.

But they pared gains after Senate Majority Leader Mitch McConnell warned the sides remain “far apart” in their talks.

“Between the U.S. presidential elections in a little over a month, uneven economic data and uncertainty over the COVID-19 impact … we may just see a drift in equity market pricing into Nov.

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Wall Street surges on rekindled stimulus optimism

NEW YORK (Reuters) – U.S. stocks jumped on Wednesday as fresh hopes for a new pandemic relief package and upbeat economic data set the major indexes on course to end the quarter on a high note.

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo

All three major indexes moved sharply higher after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both expressed hope for a breakthrough in partisan stimulus negotiations.

“The real thing that’s pushing the markets higher today is hopes for additional stimulus,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York. “But you combine that with good economic news and throw in quarter-end window dressing, you end up with a market that’s up as opposed to where futures were headed last night after the debate.”

Market

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‘Anyone can make money.’ This retired Wall Street investor wants to motivate Americans to do something else: Get off the couch

Forget second acts. Jim Owen, who turns 80 on Oct. 20, is capitalizing on his third. His new documentary film, “The Art of Aging Well,” is the culmination of what he describes as his purpose and his legacy: Inspiring older adults to become healthier and more active.

“We’re experiencing a health care crisis that no one talks about, and it’s not the second wave of the pandemic: We are a nation of couch potatoes, and it’s literally killing us,” says Owen, who lives in San Diego.

The film ran on Wyoming PBS, Rocky Mountain PBS and will be available to PBS member stations through the National Educational Telecommunications Association starting Oct. 31.

In a study published in The New England Journal of Medicine, researchers predicted that nearly half of Americans will be obese by 2030. Owen adds that health experts have long known that being physically fit substantially reduces the

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Wall Street closes higher as energy, financials lead broad rally

(Reuters) – Wall Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.

All three major U.S. stock indexes made solid gains on the heels of the longest weekly losing streak in over a year for both the S&P 500 and the Dow.

But energy .SPNY and financials .SPSY, which suffered the most bruising blows from the economic shutdown, enjoyed the largest percentage gains among major S&P 500 sectors, all of which ended the session in the black.

“Today’s market is being led by energy and financials, but it’s a very well-balanced market,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Every sector is participating in this rally.”

However, even with Monday’s jump, the indexes are only days away from closing the books on their first monthly declines since March,

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US STOCKS-Tech, bank shares drive Wall Street higher

By Devik Jain and Shreyashi Sanyal

Sept 28 (Reuters)U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel-related shares leading the advance.

All 11 major S&P 500 sectors rose, with the S&P 500 financials index’s .SPSY 3% jump putting it on track for its best day in two and a half months.

Analysts said the gains could also be attributed to quarter-end rebalancing of investor portfolios as cyclical sectors including financials, industrials .SLPRCI, materials .SPLRCM and energy .SPNY added more than 2% by mid-day trading.

“There is a lack of negative news out there, we are going through a reflex rally,” said Sam Stovall, chief investment strategist at CFRA in New York.

“Traders tend to gravitate toward those groups that are most oversold because they have the greatest

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Stocks rise on Wall Street, clawing back bit of 4-week slump

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Wall Street kicks off week on high note as tech, bank shares gain

(Reuters) – U.S. stocks surged on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance.

Traders wearing masks work, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/Files

All of the 11 major S&P 500 sectors rose in early trading, while the S&P 500 banks index .SPXBK jumped 2.1% and was on track for its best day in one month.

Travel-related shares including Delta Air Lines DAL.N, United Airlines UAL.O and American Airlines Group Inc AAL.O rose between 2.5% and 3%.

American Airlines Group Inc AAL.O said on Friday that it secured a $5.5 billion Treasury loan

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Stocks Higher as Wall Street Looks to Claw Back Month’s Losses

Stocks rose sharply Monday as equities come off a four-week losing streak and U.S. politics are in focus ahead of the first presidential debate Tuesday between U.S. President Donald Trump and Democratic candidate Joe Biden.

Investors also were monitoring the failure so far of lawmakers to complete a stimulus relief package before the Nov. 3 presidential election, and tensions between the U.S. and China. Wall Street also was paying attention to a report from The New York Times that said Trump paid just $750 in U.S. income taxes in both 2016 and 2017.

The Dow Jones Industrial Average jumped 359 points, or 1.32%, to 27,533, the S&P 500 rose 1.2% and the Nasdaq was ip 1.17%. Amazon.com AMZN was up nearly 2%. 

Stocks finished higher Friday but the gains weren’t enough to prevent the Dow and the S&P 500 each from falling for the fourth straight week.

The Dow declined

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Wall Street Ends Higher as Tech Rally Squashes Virus Fears, but S&P Down for Week | Investing News

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.

Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.

Both the Dow and S&P 500 notched their fourth straight weekly declines, the longest weekly losing streak since August 2019. The Nasdaq closed higher for the week after falling the previous three, and is now up 22% for the year. The S&P 500 is up a bit more than 2% for the year.

Investors are looking at the long term and believe technology remains the investment of choice, said Edward Moya, senior market analyst

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