About: http://data.cimple.eu/news-article/4a4b77fd56b35f62c41a777ed36f1f240e223949bbcd8c75fc305496

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About: http://data.cimple.eu/news-article/4a4b77fd56b35f62c41a777ed36f1f240e223949bbcd8c75fc305496 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	US stocks surged early Tuesday after data showed a jump in retail sales in May and as a clinical trial showed promising results for treating coronavirus. About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,499.41, up 2.9 percent or around 735 points. The broad-based S&P 500 gained 2.6 percent to 3,146.51, while the tech-rich Nasdaq Composite Index advanced 2.3 percent to 9,946.00. US retail sales posted a surprise spike of 17.7 percent in May, the Commerce Department said, a better-than-expected result that suggests the economy may be recovering from coronavirus shutdowns more quickly than expected. Adding to the positive sentiment, a study at Oxford University showed use of the steroid dexamethasone cut risk of death for people on ventilators from 40 to 28 percent. After rising consistently in April and May, stocks have been volatile in June as investors have weighed signs of a partial economic recovery against an uptick in coronavirus cases in some states and worries about excessive stock valuations. Federal Reserve Chair Jerome Powell is set to begin two days of congressional testimony later Tuesday. He is expected to be questioned about conflicting signs of the state of the US economy and whether additional fiscal stimulus is needed. Among individual companies, homebuilder Lennar rose 1.9 percent as it reported higher second-quarter profits and said new orders rose "significantly" in May following weakness earlier in the quarter. jmb/cs
schema:headline	US stocks jump on higher May retail sales
schema:mentions	Dexamethasone Corticosteroid S&P 500 Index Dow Jones Industrial Average Clinical trial Federal Reserve University of Oxford Severe acute respiratory syndrome coronavirus 2 Lennar Corporation United States Department of Commerce Fiscal policy Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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