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Reliance Trading Co. Limited: NASDAQ gains ahead; Buffet keep stock shopping
The Dow Jones Industrial Average had been the worst performer crashing around 20000 points before the market day ends, but on Thursday it crept gains for at least 250 points together with the three major stocks in the U.S. market.
By: Reliance Trading Co. Limited
Ø The Dow rallied 249.91 points or 1.26% to 20,148.83.
Ø The S&P 500 climbed 1.61% to 2,436.70.
Ø The Nasdaq jumped 4.05% to 7,273.05
Seeing the numbers of gain the three major indices of U.S. stock market, NasDaq is notably the most impressive climbing up around 4% from the last fall.
Stock market is not the only one gaining its pace on the global market today, commodity sector is also building its stride for oil price is now back with a 24% gain or $25 per barrel against $22 yesterday. This is because the risk environment improved and the massive rally in the U.S. dollar slowed.
Gold price however is failing to follow uptrends, ending its price at $1,478.60 which is down around 0.49%.
Health-care and Industrial goods gains a step up which led Stoxx Europe 600 Index higher, even bonds and equities globally shows positive signs of recovering, somehow a good indicator that market may no longer reach recession.
But despite of the market's volatility, Billionaires Carl Icahn and Warren Buffett are still on the shop-till-you-
Fortunately, you don't have to invest like Buffett. You can simply invest in Buffett himself by just buying Berkshire Hathaway stock. As I said alreayd, you won't know exactly what Buffett's been buying for another two months. But if you buy Berkshire today, you will retroactively have bought everything Buffett is buying in real time.
In a sense, it feels like cheating. By buying Berkshire Hathaway stock, you are essentially betting on Buffett. And that's akin to betting on a race horse that has won every race for decades. In addition, the horse's latest times have been just as fast as his times were 30 years ago.
The companies are list below;
- International Flavors and Fragrances
- Keurig Dr Pepper
- Hertz, Newell
- American Homes 4 Rent
- Energy Transfer
- PBF Energy
- Delta Airlines
For more news about stock market please do visit our site https://reliancetradingco.com or contact us thru email
Reliance Trading Co. Limited