U. S. stocks soared Tuesday when investors weighed a series of falsified earnings reports and new stimulus advances opposed to Google’s antitrust lawsuits.
A report on Logitech’s earnings showed that the trend of painting homes continues to drive demand for its PC accessories business, as well as the rise of online gaming.
Investors also continue to expect a fiscal stimulus package to succeed before the November 3 presidential election. being resolved, giving some hope that a possible deal will succeed.
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In the field of technology, the Department of Justice has filed a lawsuit against Google’s parent company, Alphabet, accusing the company of abusing its leadership in the field of online search. The antitrust lawsuit can result in years of litigation and a imaginable dissolution of Alphabet’s shares rose 1% in the first operations.
Gold fell 0. 5% to $1,894. 74 an ounce.
Oil is trading down. West Texas Intermediate crude fell 1. 4% to $40. 25 a barrel. Brent crude, the oil benchmark, fell by 1% to $42. 19 a barrel at intraday lows.
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