Redwood Capital Management Limited:Nasdaq dipped almost 1% on today's trading day

HONG KONG - July 24, 2020 - PRLog -- Nasdaq fell shortly after shares from tech sector such as Facebook, Amazon, Netflix, Microsoft and Apple were all down more than 1%.

The Dow and S&P 500 climbed up after positive reports regarding coronavirus treatment is doing well and expectations of a fresh dosage of fiscal stimulus from the U.S. government has given investors' a boost of confidence.

Gold, Silver and Oil prices are up while treasuries fell a few points.

Here are the main movements of stock market this Tuesday.

Stocks

-        The Dow Jones Industrial Average advanced with 159.53 points or 0.60% to 26,840.40, its second day increased for this week.

-        S&P 500 like the Dow is has also gained this trading day with 0.17% increase to 3,257.30.

-        The Nasdaq Composite however fell quite a bit today with 0.81% loss to 10,680.36.

-        The Stoxx Europe 600 Index increased 0.3%.

-        The MSCI Emerging Market Index increased 2.1%.

Bonds

-        The yield on the benchmark 10-year Treasury note was flat at 0.611%.

-        The two-year rate fell to 0.139%.

-        The yield on the 30-year Treasury bond edged down slightly to 1.310%.

-        Germany's 10-year yield gained less than one basis point to -0.46%.

-        Britain's 10-year yield dipped less two basis points to 0.136%.

Commodities

-        Gold price is impressively up today with $24.82 change or 1.35% to $1,842.13 an ounce.

-        Silver strengthened 5.2% to $20.94 per ounce.

-        West Texas Intermediate crude is up by 2.44% to $41.92 per barrel.

-        Brent crude climbed up toward $45 per barrel.

Currencies

-        U.S. Dollar Currency Index is down with 0.01% loss to $95.32 per share.

-        The euro rose 0.6% to $1.1521.

-        The British pound gained 0.6% to $1.2732.

-        The Japanese yen strengthened 0.4% to 106.80 per dollar.

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