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Follow on Google News | Synergy Capital AM: Stocks rebound as tech giants recover deleting most of its earlier lossesIt looks like tech giants has save the day which pulled up the market a bit higher after the market selloff that had ran yesterday. It even stop the concerns comes over Federal Reserve officials remark about how slow is the economic recovery going.
By: Synergy Capital Asset Management Limited According to Federal Reserve's Chairman, Jerome Powell, the US economy has a long way to go before it recovers and is still greater support than the usual. Nasdaq just outperformed in today's session led by Amazon that rose more than 5% up in its shares. Apple and Facebook also contributed after ending both higher in today's trade. Here are the main movements in the Global Stock Market this Tuesday; Stocks - S& - The Dow Jones Industrial Average gained 140.48 points or almost 1% to 27,288.18, taking back some of its loss from yesterday's bout. - Nasdaq Composite bounces back up by 184.84 points or 1.71% higher to 10,963.64. - The Stoxx Europe 600 Index strengthened by 0.2%. - The MSCI Asia Pacific Index slid quite short around 0.8%. Bonds - The yield on the benchmark 10-year Treasury note has no to little change at 0.6642%. - The yield on the 30-year Treasury bond decreased a bit to 1.4071%. - Germany's 10-year yield strengthened about three basis points to -0.51%. - Britain's 10-year yield is up by five basis points to 0.203%. Commodities - Gold fell the second time this week. It decreased about 12.18 points or 0.64% to $1,900.58 an ounce. - Silver is also down by less than one point or 1.65% to $24.35 an ounce. - West Texas Intermediate crude is up by almost 1% to $39.80 per barrel. - Brent crude rose anew with almost 1% higher to $41.72 per barrel. Currencies - US Dollar Currency Index has little change to 93.98 per dollar. - The euro declined about 0.5% to $1.1708. - The Japanese yen fell short around 0.3% to 104.98 per dollar. For now you may browse more on Synergy Capital Asset Management Limited https://synergycapitalam.com/ End
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