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Potential for a vaccine drives Wall Street; rates remain steady, low

Mortgage interest rates remain well below 3%, with Freddie Mac’s latest 30-year fixed-rate mortgage average coming in at 2.84%. While that’s an increase from a week ago, it’s still far below the 3.75% we saw last year at this time. Freddie Mac’s Chief Economist Sam Khater notes that rates increased …

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: Airline stocks blast off after upbeat news on potential COVID-19 vaccine

ROSEMONT, IL – SEPTEMBER 3: An American Airlines jet is seen in the air preparing to land September 3, 2004 at Chicago’s O’Hare International Airport in Rosemont, Illinois. American Airlines announced December 10, 2004 that they will be raising domestic airfares $ 10 for round-trip and $ 5 for one-way …

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‘Don’t ever, ever underestimate the potential of the pandemic’: 5 reasons scientists say you should be afraid of COVID-19

Panicking about COVID-19 won’t help you get through the pandemic, health professionals say. And neither will treating the novel coronavirus, a highly unpredictable disease for which there is no 100% successful therapeutic treatment, with anything less than extreme caution. In short, it affects everyone differently. President Trump was released from …

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Metals Stocks: Gold loses ground as optimism over potential coronavirus treatment, reopening of economy dulls its haven appeal

Gold futures retreated Friday, with investors shunning haven assets amid early optimism over a drug that’s anecdotally shown potential to treat COVID-19 and the release of a road map to gradually reopening the U.S. economy. “Risk sentiment has been bolstered by U.S. President Donald Trump and reports suggesting a potential …

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