Reliance Trading Co. Limited:Nasdaq and S&P 500 shares fresh new all-time high leading market surges

Tech giants has yet again lead market session higher pushing Nasdaq hitting another all-time high for 4 consecutive days now.
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WAN CHAI, Hong Kong - Aug. 27, 2020 - PRLog -- Tech giants has yet again lead market session higher pushing Nasdaq hitting another all-time high for 4 consecutive days now.

Apple together with Microsoft, Amazon and Alphabet all rose from start till the end of the market day. Netflix bounce up with 12% increased while Facebook ended up 8% higher.

The positive news about the coronavirus vaccine and treatment contributed on the current result of the market, which investors' eyes as the start of economy's recovery.

Here are the main movements in the Global Stock Market this Wednesday;

Stocks

-        The Dow Jones Industrial bounce up with 83.48 points or 0.30% increased to 28,332.05.

-        S&P500 gained around 35.14 points or 1.02% to 3,478.76, hitting another intraday record high.

-        Nasdaq Composite appreciated quite big about 198.59 points or 1.73% to 11,665.06, marking fresh new all-time high and its highest yet to date.

-        The Stoxx Europe 600 Index increased 0.9% to 373.12, the highest in two weeks.

Bonds

-        The yield on the benchmark 10-year Treasury note climbed up more than 3 basis points to 0.7145%.

-        The yield on the 30-year Treasury bond increased nearly 5 basis points to 1.4326%.

-        Germany's 10-year yield raised about two basis points to -0.42.

-        Britain's 10-year yield appreciated with four basis points to 0.302%, its highest yet for almost 3 months.

Commodities

-        Gold index snap out of its supposed 7th day losing streak and is up with 22.80 points or 1.17% increased to $1,951.76 an ounce.

-        Silver also rose quite well and climbed up with 0.88 point or 3.21% to $27.36 an ounce.

-        West Texas Intermediate crude gained about 0.04 point or 0.09% to $43.39 per barrel.

-        Brent crude slid and is down about 0.22 point or 0.48% to $45.64 per barrel.

Currencies

-        US Dollar Currency Index fell short around 0.25 point or 0.03% to 92.87 per dollar.

-        The euro slid about 0.1% to $1.1827.

-        The Japanese yen is up with more or less 0.4% to 106 per dollar.

For more news about stock market and to know more about our services do visit our website Reliance Trading Co. Limited - https://www.reliancetradingco.com/ or contact us thru email immediately.

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