S&P 500 gains modestly, warning of higher COVID-19 deaths curb recovery hopes [Reuters]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Reuters
S&P 500 gains modestly, warning of higher COVID-19 deaths curb recovery hopes (Reuters) - The bellwether S&P 500 index inched higher on Tuesday, with fresh warnings of a possible higher death toll from the new coronavirus and plunging consumer confidence curbing investor hopes for a near-term economic revival as states began to relax restrictions enacted to halt the pandemic’s spread. The Dow joined the S&P 500 in positive territory but the Nasdaq was in the red, weighed down by technology stocks. The S&P 500 is now within 15% of its all-time high set in February, with the Dow and the Nasdaq now about 18% and 12%, respectively, from their February records. “The market seems to be resilient but I don’t know how much longer that will last,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “It’s a question of time before the market pulls back. The notion that this is going to be V-shaped recovery is fading.” Smaller companies have fared better than t
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GOOG
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- 12/2/25 - Form 4
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