23-09-2020 15:05 via feedproxy.google.com

Big Tech lifts stocks as economic activity data rekindles stimulus hopes

Shares rose and the dollar steadied at new highs on Wednesday, with overnight gains by Big Tech helping balance concerns that new COVID-19 restrictions to counter coronavirus infections will damage the economic recovery.
Renewed hopes of stimulus measures in Europe also came into play after surveys of private sector economic activity in September painted a gloomy picture for Europe, with rising COVID-19 cases leading to a downturn in services.
Danilo Masoni for Reuters:Technology shares were amo
Read more »