The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
First close above 26,000 is reported by Dow
The blue-chip Dow managed to earn 1.3% closing at 26,115.65. It took place eight trading sessions after overleaping the 25,000 level with firm showings from IBM, Boeing and Intel.
The S&P 500 rallied 0.9% concluding at 2,802.56, the tech-heavy Nasdaq acquired one point settling at 7,298.28.
Wall Street generally grew, with investor enthusiasm pushing all three key stock indices to record concluding peaks and helping the Dow to overleap 26,000 points.
With 11 trading days so far this year, Wednesday’s trading session marked the seventh time in 2018 all three crucial indices concluded at all-time maximums.
IBM earned 2.9% after market experts upgraded their price target for the high tech giant’s stock, and chip producer Intel lifted a similar amount. Meanwhile, aviation giant Boeing inched up 4.7% having announced a joint venture to manufacture aircraft seats.
Meanwhile, Exxon Mobil added 1.2%, ConocoPhillips soared 1.7%, while both Royal Dutch Shell and Chevron gained 0.3%.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
Jerome Powell made a rare appearance in the public media this Thursday. What did he bring to the audience?