EDITOR'S NOTE
Low-touch, high-tech companies continued to drive the stock market higher Monday.
Amazon led the charge with its shares crossing the $3,000 mark to an all-time high. The online retailer has performed as if it were designed for a pandemic, and the company is now worth more than $1.5 trillion.
Microsoft and Google parent Alphabet were also higher. Stocks also got a boost Monday after the Chinese government encouraged citizens to prepare for a "healthy bull market." There were also impressive deals making headlines: Warren Buffett's Berkshire Hathaway is buying the natural gas assets of Dominion Energy in a $10 billion deal and Uber is purchasing food delivery service Postmates in a deal worth $2.65 billion.
Meanwhile, Covid-19 cases continued to surge around the world and hospitalizations are on the rise in 23 states. Still, tempered optimism abounds for the stock market.
"We may stall here for a while into the fall, into September, October, November," said Jeff Saut, chief investment strategist at Capital Wealth Planning, on CNBC's "Squawk Box." "But I think you're going to get a rocket ship coming in the fall of this year."
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Senin, 06 Juli 2020
Rally to start the week | Amazon crosses $3,000 mark | Hospitalizations rising in 23 states
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