- Title: Wall St closes higher with help from tech, energy
- Date: 4th May 2020
- Summary: HOUSTON, TEXAS, UNITED STATES (MAY 4, 2020) (REUTERS VIA ZOOM) (SOUNDBITE) (English) SMH GROUP CEO, GEORGE BALL, SAYING: "We're in an interregnum period right now. We've stopped the pandemic panic selling, which is emotionally laden and was moving the markets, hundreds of points on every threat of a greater spread and the like. And so now I think investors are pausing to look for the new normal and they don't know what it is. So it's like the period, I'm not old enough, but just before the start of World War Two, everybody knew there was going to be an invasion, they didn't quite know when or who was going to win. And that's what the stock market's doing now."
- Embargoed: 18th May 2020 21:07
- Keywords: COVID-19 U.S. stocks Wall Street coronavirus
- Location: NEW YORK, NEW YORK + HOUSTON, TEXAS, UNITED STATES
- City: NEW YORK, NEW YORK + HOUSTON, TEXAS, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA002CCIKIFB
- Aspect Ratio: 16:9
- Story Text: U.S. stocks ended higher on Monday (May 4) as gains in large tech and Internet companies and rising oil prices outweighed concerns sparked by fresh U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.
Unofficially, the Dow Jones Industrial Average rose 26.07 points, or 0.11%, to 23,749.76, the S&P 500 gained 12.03 points, or 0.42%, to 2,842.74 and the Nasdaq Composite added 105.77 points, or 1.23%, to 8,710.72.
(Production by Hyeongmi Kim, Fred Katayama, Roselle Chen) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2020. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None