Premarket: Apple is green

apple premarket green 5-20From TheStreet’s “Dow Futures Rebound As Recovery Hopes Trump Vaccine Concerns‘ posted early Wednesday:

U.S. equity futures bounced higher Wednesday, clawing back some of Wall Street’s losses from late yesterday, as investors weigh further re-openings in major economies around the world against reports that cast doubt on a near-term coronavirus vaccine.

With infection rates in Germany falling steadily, and countries and states easing lockdown restrictions, slow but steady indications of what is likely to be a long economic recovery are starting to find traction.

That view has helped oil prices rally kept Treasury bond yields low despite a wave of new supply — and trillions in government and central bank support — while bolstering a stock market rally on Wall Street that’s lifted the S&P 500 more than 3.6% over the past week.

My take: Unfortunate headline. Had to read it three times before it made sense.

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