Dow futures up 350, reopen trades surging, Carnival up 16%


Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019.

Lucas Jackson | Reuters

This is a live blog. Please check back for updates. 

7:45 am: EU announces plan for 750 billion euro recovery fund as pandemic wreaks havoc on economies

The European Commission announced Wednesday plans for a 750 billion euro ($826.5 billion) recovery fund as Covid-19 continues to hit worldwide economies. The details of the fund have not been decided, with France and Germany in favor of issuing mutual EU debt, while nations including Austria

Read More

Dow futures up 400, Powell says ‘no limit,’ oil surging


The bronze statue “Fearless Girl” on Wall Street wears a respirator mask.

Benno Schwinghammer | Picture Alliance | Getty Images

This is a live blog. Check back for updates.

7:45 am: Moderna pops on positive covid-19 vaccine trials

Shares of Moderna rose nearly 20% in premarket trading on Monday after the drug maker reported “positive data” for its coronavirus vaccine. The early-stage human trial showed the vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday. At day 43, about two weeks after the second dose was given to participants, levels of antibodies were at the levels

Read More

Surging small cap stocks offer hope of U.S. growth rebound


NEW YORK (Reuters) – Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S. economy can emerge from its coronavirus-fueled slowdown.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson

The small-cap Russell 2000 index rose 13.7% in April, besting the benchmark S&P 500’s .SPX 12.7% gain. Notably, the Russell’s rally accelerated at the end of the month, when it notched six straight days with gains of at least 1%, its

Read More

Google drops charges on shopping service to counter Amazon’s surging ad sales


SAN FRANCISCO (Reuters) – Google said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce advertising business from Inc and other online retailers, just as they are struggling to supply customers with some items due to the coronavirus pandemic.

FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann

The move is the latest effort by Google to reinvigorate its Shopping service, which has been largely eclipsed by, where most online shoppers now start

Read More