US Markets

A vaccine breakthrough is the “most likely V-recovery catalyst,” Bank of America says, referring to a development that might drive a sharp, rapid rebound in markets.

The vote on the bill, introduced more than a year ago, comes as Trump and Congressional Republicans seek to punish Beijing over its handling of the coronavirus pandemic.

Luckin Coffee said its chief operating officer fabricated as much as $310 million in sales last year.

Target's first-quarter gross margin fell to 25.1 percent, from 29.6 percent in 2019, amid higher digital and supply chain costs and increased investments in employee wages and benefits. 

The home-improvement chain earned $1.34 billion, or an adjusted $1.77 a share, as revenue rose 11 percent year-over-year to $19.68 billion.

Investors cashed in some of the gains from Monday's run.

GSX Techedu answered fraud allegations by Muddy Waters Research, saying the firm doesn't understand its business.

Hundreds of Chinese firms not subject to the same investor-protection rules as U.S. firms have listed on American stock exchanges over the past decade, resulting in billions of dollars of investor losses.

Lawmakers were questioning Mnuchin and Powell over their use of the $500 billion in CARES Act funding made available to the Treasury and U.S. central bank.

Walmart reported better-than-expected earnings and profit amid unprecedented demand during the COVID-19 pandemic.

Home Depot's first-quarter profit slid 11 percent during the onset of the COVID-19 pandemic.

The S&P 500 posted its best day since early April.

GSX Techedu is a "near-total fraud" and at least 70 percent of users are bots, Muddy Waters Research said.

The S&P 500 has experienced 26 bear markets.

Joining the index would bring the prestige of belonging to the benchmark gauge of U.S. equities and drive index funds to race to include the company’s shares in their holdings.

Powell appeared to push back against the possibility of a so-called "V-shaped" rebound, noting it was "unlikely" the U.S. will bounce back to pre-crisis levels by the end of the year.  

In a "60 Minutes" interview with Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell predicted the economy would "decline substantially" in the second quarter, as much as four times compared to the previous year. 

Allianz chief economic adviser Mohamed El-Erian told "Fox News Sunday" host Chris Wallace that the chances the U.S. has a V-shaped recovery from the coronavirus pandemic is "uncertain."

President Trump said the country will reopen with or without a vaccine.

Ivanka Trump and USDA Sec. Perdue visited a Maryland food wholesaler Friday to launch the USDA's $3 billion "Farmers to Families Food Box" program.