US stock market futures dropped after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal Reserve' pandemic emergency lending programs
Shares surged, oil prices jumped and the dollar stayed weak as expectations of fewer regulatory changes and more monetary stimulus under US president-elect Joe Biden supported risk appetite
Biden's tax increases would reduce the incentive for people to invest in Wall Street stocks, says Mobius
US stocks jumped as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits
Wall Street's major averages pulled back considerably in the week as investors worried that soaring Covid-19 infections could slow down economic recovery
Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48
In recent days, financial markets were hopeful progress toward a Covid-19 vaccine and another round of economic stimulus from Congress would boost the US economy
Stocks were higher before the remarks, but reversed course after Trump made the comments on Twitter
Tech shares weighed heaviest on the indexes, but the blue-chip Dow's losses were mitigated by gains in economically sensitive cyclical stocks
Amazon.com, Facebook and Netflix were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year
Financial planners recommend setting aside 5 to 10 per cent of one's portfolio in international funds
White House negotiators on Tuesday vowed to work "around the clock" with congressional Democrats to try to reach a deal on the package by the end of this week
The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.
US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients
The Dow Jones Industrial Average rose 39.91 points, or 0.15%, at the open to 26,774.62.
Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup
The US biotech firm's breakthrough is one of the most promising developments yet in the race to develop a vaccine against the virus that has paralysed the world's economy.
For many stocks to go up at the same time, the most important parts of the economy - construction, auto, finance, basic materials, consumer products - have to enjoy tailwinds
The Dow Jones Industrial Average rose 136.90 points, or 0.55%, to 25,152.45 at the open.
The Dow Jones Industrial Average rose 531.25 points, or 2.11%, at the open to 25,659.42.