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About: http://data.cimple.eu/news-article/c9a6d0d935f53c2083e197b9ff1d47524acb74ff5e86f8855cfa8a87 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks surged Tuesday following better-than-expected US retail sales data that boosted hopes the economy will recover more quickly than some economists expect. The Dow Jones Industrial Average climbed 2.0 percent, gaining around 525 points, to close at 26,289.98. The broad-based S&P 500 rose 1.9 percent to 3,124.74, while the tech-rich Nasdaq Composite Index advanced 1.8 percent to 9,895.87. US retail sales posted a surprise spike of 17.7 percent in May, outperforming expectations much as the strong May jobs report left analysts scratching their heads. 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. During the first of two days of congressional testimony, Federal Reserve Chair Jerome Powell vowed to maintain aggressive stimulus efforts in light of the hit from coronavirus shutdowns, but said Congress may need to do more as well. "A full recovery is unlikely" unless consumers feel confident COVID-19 has been defeated, said Powell, who has been cautious about making too much of improving data in light of high unemployment levels and warned the recovery remains shrouded in "significant uncertainty." Stocks have now gained three sessions in a row after suffering a rout last Thursday following data showing upticks in coronavirus cases in several states. Analysts say the gains point to a strong tendency of investors to bargain hunt when stocks pullback. "A 'buy the dip' mentality appears to be back," said JJ Kinahan, chief market strategist at TD Ameritrade. jmb/hs
schema:headline	Dow ends up 2.0% as US stocks rally on strong retail sales
schema:mentions	Judge Dexamethasone S&P 500 Index Protest Dow Jones Industrial Average Lewis F. Powell Jr. USA Gymnastics Federal Reserve University of Oxford United States Congress Severe acute respiratory syndrome coronavirus 2 Bargain Hunt Steroid Christy Kinahan TD Ameritrade Pullback bundle 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	positive sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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