US stocks rose on Friday, erasing earlier losses in the last trading hour as technology giants reported better-than-expected quarterly earnings.
It is possible that there will be a so-called news sales effect now that technology companies have achieved strong results to support their market leadership.
Urgent unemployment benefits are expiring today, and Congress and the White House still seem far apart from an agreement. White House chief Mark Meadows said Democratic leaders had rejected four proposals for a coronavirus relief bill.
Nearly 300,000 new cases of coronavirus have been reported to the World Health Organization in the last 24 hours, the largest increase in a single day so far, the agency said on Friday. The Americas reported the highest number of cases – 171,946; Southeast Asia reported the second highest with 60,113, followed by Europe with 25,241
Investors continued to flock to secure assets amid uncertainty about economic recovery. Gold reached a high of $ 2,005.4 an ounce on Friday.
Junior Trader Daniel Dimitrov