Synergy Capital AM: Stocks ended up mixed but S&P 500 kept its pace hitting another fresh new high

Major indices closed down market mixed after concerns about Federal Reserve's reports on a new framework that could keep interest rates lower for a longer period of time gave investors not much of positivity.
By: Synergy Capital Asset Management Limited
 
 
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WAN CHAI, Hong Kong - Aug. 28, 2020 - PRLog -- Major indices closed down market mixed after concerns about Federal Reserve's reports on a new framework that could keep interest rates lower for a longer period of time gave investors not much of positivity.

Nasdaq fell quite big after tech giants dropped. Amazon is down with 1.2% while Facebook slid 2.3%. Netflix also decreased about 3.9% but Alphabet made a few jump at 1%.

Here are the main movements in the Global Stock Market;

Stocks

-        Nasdaq Composite snaps out of its passive pace and fell short losing around 39.72 points or 0.34% to 11,625.34.

-        S&P 500 hits another fresh new high for the 4th time this week with 5.84 points or 0.17% increased to 3,484.57 as market ends today.

-        The Dow Jones Industrial Average jumps up with 160.15 or 0.57% change to 28,492.07, deleting some of its loss from yesterday.

-        The Stoxx Europe 600 Index fell 0.6% to 370.72, the biggest fall in a week.

Bonds

-        The yield on 10-year Treasuries has rose about five basis points to 0.741%.

-        The yield on 30-year Treasuries increased quite big around nine basis points to 1.50%.

-        The yield on two-year Treasuries advances with at least one basis point to 0.16, it highest yet in about two weeks.

-        Germany's 10-year yield appreciated one basis point to -0.41%.

Commodities

-        Gold fell again in today's market session just after getting its pace back yesterday. Decreased about 22.78 points or 1.18% to $1,928.98 an ounce.

-        Silver also slid around 0.34 point or 1.26% to $27.02 an ounce.

-        West Texas Intermediate crude fell almost 0.9% to $43.04 per barrel.

-        Brent crude dipped around 1.21% $45.09 per barrel.

Currencies

-        US Dollar Currency Index has no to little change to 92.98 per dollar.

-        The euro slid for almost 0.1% to $1.1819.

-        The Japanese yen is down a bit with 0.6% loss to 106.61 per dollar.

For now you may browse more on Synergy Capital Asset Management Limited  https://synergycapitalam.com/ so you may see what we can offer for your financial needs.

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