The US authorities filed a lawsuit against Facebook - what are the implications?
Australian equities ascend at close of trade
On Tuesday, Australian equities leapt after the close because revenues in the Financials, Metals & Mining as well as Materials sectors underpinned stocks.
The S&P/ASX 200 inched up 0.62%.
Galaxy Resources Ltd, Tabcorp Holdings Ltd and South32 Ltd rallied 10.13%, 4.33% and 3.72% respectively, thus becoming the best performers of the session on the S&P/ASX 200.
On the contrary, the worst performance on the S&P/ASX 200 was demonstrated by such benchmarks as Saracen Mineral Holdings Ltd, Regis Resources Ltd and Resolute Mining Ltd. They lost respectively 5.14%, 4.56% and 4.25%.
Soaring equities outnumbered diving ones on the Sydney Stock Exchange by 617 to 557, while 372 were intact.
Equities in South32 Ltd rallied to all time maximums, adding 3.72% and getting to 3.205.
The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, slumped 2.07% reaching 12.320.
The currency pair AUD/USD was intact sticking to 0.8027, AUD/JPY dipped 0.09% trading at 87.75.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!