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Added on the 17/02/2019 20:06:51 - Copyright : Wochit
The US flag on top of the White House flies at half mast the morning after the US surpassed 500,000 deaths from Covid-19. President Joe Biden ordered flags on all US federal buildings to be lowered in commemoration of those who have died. IMAGES
The American flag atop the White House flies at half mast after US President Joe Biden ordered flags on all US federal buildings to be lowered in commemoration of more than 500,000 lives lost during the coronavirus pandemic. IMAGES
JOHANNES EISELE/AFP/Getty Images US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could still be approved before Election Day, Treasury Secretary Steven Mnuchin noted that "significant differences" remain between each side's respective proposals. The tepid session led the S&P 500 to post its first weekly loss in three weeks. Oil sank after Libya announced it will lift production. West Texas Intermediate crude sank as much as 2.6% to $39.57 per barrel.
On Tuesday, JPMorgan's Grace Peters told CNBC's "Squawk Box Europe" the S&P 500 could hit 3,750 by September 2021. Business Insider reports that would represent a 12% premium over Tuesday's closing price of 3,335.47. On the outlook for US stocks, she said, "We can see around a 10% upside over a 12-month view." Peters said investors should look at areas that have seen "structural growth" like construction, healthcare, and digital-transformation. Banks and financials are areas investors should avoid, according to Peters.
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