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Stock impact report

Stimulus bets set to lift Wall St. as labor market rebound slows [Reuters]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Reuters
Stimulus bets set to lift Wall St. as labor market rebound slows (Reuters) - Wall Street’s main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, a report from the Labor Department showed. “The monetary taps are on and are likely remain so while unemployment is so high and this should continue to support markets,” said Geir Lode, head of global equities, International at Federated Hermes in London. Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered out agreements in principle on portions of a potential coronavirus-response bill, as lawmakers raced to pass legislation by the end of July. Optimism about a potential vaccine, fiscal stimulus and improving economic data has helped the benchmark S&P 500 rec Show less Read more
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