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Overnight on Wall Street: Wednesday 12/02/2020
Equity Markets Another round of buoyant corporate earnings, early signs of a slowdown of new coronavirus cases and strong fundamentals drove the S&P500 and Nasdaq Composite to new record highs. Dow Jones Average Industrial traded flat at 29,276. S&P500 ended 0.2% higher at 3,358. Nasdaq Composite added 0.11% to close at 9,639. T...
Overnight on Wall Street: Thursday 06/02/2020
Equity Markets Wall Street rallied to fresh new highs on Wednesday amid speculations of a possible breakthrough in the coronavirus treatment and upbeat employment reports. Dow Jones Average Industrial added 483 points to finish at 29,291. S&P500 ended 1.1% higher at 3,335. Nasdaq Composite added 0.4% to close at 9,509. Energy stoc...
Overnight on Wall Street: Wednesday 05/02/2020
Equity Markets Wall Street rebounded strongly on Tuesday. The PBOC’s moves to shore its economy from the potential adverse impact of the outbreak are reassuring investors. China’s swift response has been widely praised by the WHO. It is the largest mass quarantine with 50 million people being locked down in more than 10 cities. Dow Jon...
Overnight on Wall Street: Thursday 30/01/2020
Equity Markets The upbeat earnings reports initially lifted risk sentiment in the European and US session. However, major US equity indices ended the day mixed as the Fed’s comments toned down the momentum: Dow Jones Average Industrial added 12 points to finish at 28,735. S&P500 relatively flat at 3,273. Nasdaq Composite added 6 po...
Overnight on Wall Street: Wednesday 29/01/2020
Equity Markets Investors got reassured that governments are tightening international travel and border crossings with China and are taking aggressive steps to stop the virus from spreading. Dow Jones Average Industrial added 187 points to finish at 28,723. S&P500 ended 1% higher at 3,276. Nasdaq Composite added 1.4% to close at 9,2...
Overnight on Wall Street: Tuesday 28/01/2020
Equity Markets The deadly pneumonia-like virus is adding another layer of uncertainty in the markets. Major US equity indices fell by more than 1% for the first time this year with tourism and travel-related stocks hit the hardest. Investors fret that China is under-reporting the virus cases and those affected can be much more than the officia...
Overnight on Wall Street: Thursday 23/01/2020
Equity Markets The spreading of the coronavirus across borders and the rise in deaths dampened sentiment and instilled fears of denting economic growth. The gains in the tech sector helped major US equity indices to trimmed losses. Dow Jones Average Industrial lost 10 points to finish at 29,186 S&P500 ended flat at 3,322. Nasdaq Comp...
Overnight on Wall Street: Wednesday 22/01/2020
Equity Markets The US equity benchmarks closed in the red on Tuesday. Tourism and travel-related stocks took a beating as the US Centers for Disease Control and Prevention announced the first case of the coronavirus disease which has killed six persons in China so far. Major US equity indices retracted from record highs as the virus spread a...
Overnight on Wall Street: Tuesday 21/01/2020
Equity Markets The US markets were closed on Monday for Martin Luther King Jr day. In the European markets, major equity indices closed in the red as Brexit-related headlines dampened risk sentiment. The comments from the UK Chancellor, Sajid Javid revived fears that on the future relationship between the European Union and the UK: “We will ...