US equities ascend
On Monday, American stock index futures ascended, rebounding from an abrupt sell-off in the previous trading marathon, backed by diving crude as well as expectations for firm sales in the holiday season.
On Cyber Monday and Black Friday in America, shoppers managed to snap up great discounts, providing retailers with a sound start to the holiday season.
The equities of e-commerce giant Amazon.com Inc headed north by up to 2.7%, while eBay Inc ascended by nearly 2.1%.
Crude rallied, paring some its losses from the near-7% dink on Friday. As a result, Dow components Exxon Mobil Corp soared by approximately 0.9%, while Chevron Corp added nearly 0.4%.
The previous week Wall Street's key indexes slumped over 3%. The Dow and the Nasdaq posted their greatest weekly dives since March. It was caused by diving crude, fears about decelerating global surge as well as peaking corporate earnings.
On Friday, the S&P 500 sank by 0.66%, concluding 10.2% down from its record settlement on September20.
Aside from that, Dow e-minis acquired 1.07%. Meanwhile, S&P 500 e-minis surged by 1.18%, while Nasdaq 100 e-minis managed to ascend by 1.6%.
In addition to this, market participants closely watch the upcoming G20 summit. At this event, American leader Donald Trump as well as his Chinese rival Xi Jinping are believed to hold trade negotiations in Argentina.
Other participants of the FAANG group managed to inch up too, with equities of Apple, Facebook, Alphabet, and Netflix soaring 1.6%-2.3%.
As for other equities, Nvidia Corp managed to ascend up to 2.7% right after Credit Suisse came up with coverage on the chip designer's stocks with an outperform rating and also told that the recent weakness in equities ensure a compelling entry point.
Aside from that, smaller counterpart Advanced Micro Devices headed north too, adding 3.2%.
Similar
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
