Synergy Capital AM: Tech Sector leads stocks rebound on today's market, Gold & Treasuries are down

WAN CHAI, Hong Kong - Aug. 3, 2020 - PRLog -- Technology four giants lead today's trading with a bang. After starting with a few dipped tech sector ended up higher, not what most analyst has expected. Amazon gained 0.60% while Apple is up with 1.21%. Facebook rose a few points at 0.52% and Alphabet advances with 0.98%

However, banks and treasuries did not get the same fortune as tech sector have this day. JPMorgan fell around 2.67% while Goldman Sachs closed its market price with 1.51% loss. Bank of America dipped 1.71% together with Citigroup who loss about 3.14%.

Here are the main movements of the few stocks in the Global Market;

Stocks

-        Nasdaq Composite advanced quite a few points with 0.43% increased to 10,587.81.

-        The Dow Jones Industrial Average dipped down with 225.92 points or 0.85% to 26,313.65.

-        The S&P 500 also fell short with 0.38% loss to 3,246.22 just as market close this Thursday.

-        The Stoxx Europe 600 Index decreased 2.2%.

-        The MSCI Asia Pacific Index fell 0.1%.

Bonds

-        The yield on the 30-year Treasury bond has decreased 5 basis points at 1.19%.

-        The yield on the benchmark 10-year Treasury note fell 3 basis points to around 0.54%, recording its first ever benchmark rate below 0.55%.

-        The yield on the Two-year treasury also fell big time at 0.109%

-        Britain's 10-year yield fell three basis points to 0.088%.

-        Germany's 10-year yield sank four basis points to -0.54%.

Commodities

-        Gold has rapidly dipped on today's market with $12.04 loss or -0.61% change to $1,957.08 an ounce.

-        West Texas Intermediate crude also loss about 3.27% to $39.92 per barrel.

-        Brent crude same a WTI is also down, losing about 1.91% to $43.25 per barrel.

Currencies

-        US Dollar Currency Index has no to little change at $93.07 per share.

-        The Japanese yen has rose few points with 0.1% change to 104.80 per dollar.

-        The euro gained a bit with 0.4% increased to $1.1841.

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