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Wall Street rallies on stimulus cheer, trade optimism

From reuters.com

U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism. China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies, close on the heels of reports of a potential German economic easing. After the three main Wall Street indexes racked up their third straight weekly loss despite Friday’s bounce, investors will look to weigh trade risks and signs of slowing growth against the potential for more action from the U.S. ... (full story)

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  • Category: Fundamental Analysis