Three Major Indices wraps up higher; opening session for third quarter reflects gains

Market session today showed gains high enough to set new record levels for most stocks, adding to the strong record of gains in the first half of 2021.
WAN CHAI, Hong Kong - July 13, 2021 - PRLog -- S&P continued its winning streak and managed to set a new intraday and closing level, while the other two of the major indexes also inched higher.

The market direction is being assisted by the fresh economic data pertaining to the growing private payrolls which exceeded expectations. It has already reached more than 692,000, while the jobless claims continue to drop for June. Traders continue to wait for the latest print from Labour Department for the June jobs report, and many are expecting it to show greater improvement.

The first half of the year ended yesterday, with all benchmark equities showing gains for the said period. S&P managed to keep its monthly winning streak and wrapped 14.4% higher for the year to date gains. NASDAQ ended June with 5% gains and has shown 13.5% gains for year to date, while the Dow ended June with losses, but still managed to get 13.7% gains year to date.

The second quarter of 2021's outperformers were real estate, information technology and communication services. They outperformed while the broad-based rotation was happening into growth and tech stocks. This change happened along with the inflationary concerns receding as traders and investors considered that the price changes are part of the economic recovery. As for the leading outperformers they are under the financial sector and cyclical energy.

Here's a rundown for Thursday's market performance:
  • NASDAQ Composite Index stepped up to 14,522.38 after gaining 0.13% or 18.42 points.
  • The Dow Jones Industrial Average closed at 34,633.53 and went up by 0.27% or 131.02 points.
  • S&P 500 Index moved higher by 0.52% or 22.43 points and wrapped at 4,319.93.
  • U.S. 10 Year Treasury yield moved up to 1.4800%.
  • Gold stepped up by 0.25% or $4.40 and now at $1,776.00 an ounce.
  • Crude jumped higher by 2.04% or $1.50 at $74.97 per barrel.
Cryptocurrencies are as volatile as ever, and have not coped up yet with China's new and strengthened policy.

Below is the current price of the top 5 Currencies in the Crypto market today;
  • Bitcoin (BTC) - $33,442.67
  • Etherium (ETH) - $2,063.65
  • Ripple (XPR) - $0.6511
  • Bitcoin Cash (BCH) - $487.46
  • LiteCoin (LTC) - $133.71
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