The Dow saw gains on Tuesday as dip-buyers returned to big tech stocks. The melt up in rates is being ignored by many traders, who are more focused on the quarterly earnings season heating up soon.
The markets are looked pretty good during the last session. The Dow Jones Industrial Average was up 1.5%, or 501 points, while the S&P 500 rose 1.6% and Nasdaq climbed to new heights with a +2%.
The S&P 500 rose 70 points, or 1% to 4,462.21. This is not as much of an increase compared to last week when it shot up by almost 3%.
The Nasdaq rose over 280 points today, which is an impressive 2% increase from its previous close, reaching quota 13,619.66 points.
The Russell 2000 index of smaller companies rose 40.63 points, or 2% to come closer all-time high on Tuesday morning.
The European stock index futures are negative compared to the prices marked at close of Thursday’s trading session, April 14th.
All the Europeans squares were slightly in the red FTSE MIB -237,94 points -0,96%, DAX -10,39 points -0,07%, FTSE 100 -15,10 points -0,20%, CAC 40 -54,56 points -0,83%, IBEX 35 -5 points -0,06%.
The conflict in Ukraine is causing a global economic disaster, and Eurozone nations are not exempt. The IMF said that Europe’s importing nations will be hit harder than America by fuel and food price surges caused from the conflict.
The yield on Germany’s 10-year Bund rose 0.07 percentage points to reach its highest level since July 2015 as the prospect of sustained inflation in eurozone dampened bond prices and raised expectations that European Central Bank will lift interest rates soon enough.
The Hong Kong’s Hang Seng share index fell 2.3% after Chinese regulators banned the lucrative business of livestreaming unauthorised video games.
Having one major company being affected by this new regulation sent Shockwaves Through Asian Markets.
Leave a Reply