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US stocks rebound on tech rally amid volatile trading

 

  • #US stocks climbed on Friday, recovering a percentage of Thursday’s market sell-off that had been led by technological know-how stocks.
  • #Absent a strong Friday rally, stocks are actually set to record the very first back-to-back week of theirs of losses since March, when the COVID 19 pandemic was front and club of investors’ thoughts.
  • #Oil fell as investors carried on to digest a report from the American Petroleum Institute that stated US stockpiles increased by almost 3 million barrels. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 a barrel.
  • # Bitcoin rose to 10K

US stocks climbed on Friday, helping to recover a portion of Thursday’s stock market sell-off that had been led by technological know-how stocks.

Tech stocks spearheaded profits on Friday amid volatile trading as investors sized up better-than-expected earnings from Peloton as well as Oracle.

But Friday’s initial jump higher in the futures markets will not be more than enough to stop another week of losses for investors. All 3 leading indexes are actually on the right track to record back-to-back weekly losses for the very first time since early March, as soon as the COVID-19 pandemic was front side and center in investors’ minds.
Here’s just where US indexes stood shortly after the 9:30 a.m. ET niche market open on Friday:

S&P 500: 3,354.78, up 0.5%
Dow Jones industrial average: 27,641.80, up 0.4 % (117 points)
Nasdaq composite: 10,976.01, up 0.5%

Goldman Sachs updated the third quarter GDP forecast of its on Thursday to thirty five % annualized progress, prompted by a stronger-than-expected August jobs report. The US added 1.37 million projects in August, more than an expected fact of 1.35 million jobs.

Economists surveyed by Bloomberg expect to see third quarter GDP development of 21 %.
Peloton surged on Friday after the health organization cruised to the first quarterly benefit of its on the back of increased spending on its bikes and treadmills during the COVID 19 pandemic. Oracle also posted a strong quarter of earnings growth, surpassing analyst expectations because of increased need for its cloud services.

Spot gold rose 0.3 %, to $1,952.22 per ounce. The special metal has remained in a narrow trading range of $1,900 to $2,000. Both the US dollar and Treasury yields traded flat on Friday.

Oil extended the decline of its from Thursday as investors digested reports of depressed interest because of the COVID 19 pandemic and of enhanced source from US oil producers. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 per barrel. Brent crude, oil’s international standard format, fell 1.7 %, to $39.38 a barrel, at intraday lows.

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US stocks rebound on tech rally amid volatile trading

  • #US stocks climbed on Friday, recovering a percentage of Thursday’s market sell off that was led by technology stocks.
  • #Absent a strong Friday rally, stocks are actually set to capture their very first back-to-back week of losses since March, as soon as the COVID-19 pandemic was forward and center in investors’ thoughts.
  • #Oil fell as investors continued to break down a report from the American Petroleum Institute which mentioned US stockpiles increased by almost three million barrels. West Texas Intermediate crude sank almost as 1.7 %, to $36.67 per barrel.
  • # Bitcoin rose to 10K

US stocks climbed on Friday, helping recovering a part of Thursday’s stock market sell-off that had been led by technological know-how stocks.

Tech stocks spearheaded profits on Friday amid volatile trading as investors sized up better-than-expected earnings from Oracle as well as Peloton.

But Friday’s original jump higher in the futures markets won’t be enough to stop yet another week of losses for investors. All 3 leading indexes are actually on course to record back-to-back weekly losses for the very first time since early March, once the COVID-19 pandemic was front and school in investors’ thoughts.
Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Friday:

S&P 500: 3,354.78, up 0.5%
Dow Jones industrial average: 27,641.80, up 0.4 % (117 points)
Nasdaq composite: 10,976.01, up 0.5%

Goldman Sachs updated the third quarter GDP forecast of its on Thursday to thirty five % annualized progression, prompted by a stronger-than-expected August jobs report. The US added 1.37 million projects in August, much more than an expected fact of 1.35 million jobs.

Economists surveyed by Bloomberg expect to see third quarter GDP expansion of twenty one %.
Peloton surged on Friday after the fitness company cruised to the first quarterly benefit of its on the rear of increased spending on its treadmills and bicycles during the COVID 19 pandemic. Oracle also posted a solid quarter of earnings growth, surpassing analyst expectations thanks to increased demand for its cloud services.

Spot gold rose 0.3 %, to $1,952.22 per ounce. The special metal has remained to a narrow trading range of $1,900 to $2,000. Both the US dollar and Treasury yields traded horizontal on Friday.

Oil extended its decline offered by Thursday as investors digested reports of depressed interest due to the COVID-19 pandemic and of increased source from US oil producers. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 per barrel. Brent crude, oil’s international standard, fell 1.7 %, to $39.38 a barrel, at intraday lows.