Business

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

NEW YORK (Reuters) – Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March. Investors will get a chance next week to see whether the U.S. Federal Reserve agrees […]

Business

Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up

NEW YORK (Reuters) – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. A record 48% of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34% since its March […]

Business

Investors prepare for more U.S. stock swings as states reopen

NEW YORK (Reuters) – Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise. The Cboe Volatility Index , known as Wall Street’s fear gauge, is set for its biggest weekly gain in about two months, reflecting a sell-off that has taken the […]