Redwood Capital Management Limited:Nasdaq dipped almost 1% on todays trading day
Nasdaq fell shortly after shares from tech sector such as Facebook, Amazon, Netflix, Microsoft and Apple were all down more than 1%.
The Dow and S&P 500 climbed up after positive reports regarding coronavirus treatment is doing well and expectations of a fresh dosage of fiscal stimulus from the U.S. government has given investors’ a boost of confidence.
Gold, Silver and Oil prices are up while treasuries fell a few points.
Here are the main movements of stock market this Tuesday.
Stocks
– The Dow Jones Industrial Average advanced with 159.53 points or 0.60% to 26,840.40, its second day increased for this week.
– S&P 500 like the Dow is has also gained this trading day with 0.17% increase to 3,257.30.
– The Nasdaq Composite however fell quite a bit today with 0.81% loss to 10,680.36.
– The Stoxx Europe 600 Index increased 0.3%.
– The MSCI Emerging Market Index increased 2.1%.
Bonds
– The yield on the benchmark 10-year Treasury note was flat at 0.611%.
– The two-year rate fell to 0.139%.
– The yield on the 30-year Treasury bond edged down slightly to 1.310%.
– Germany’s 10-year yield gained less than one basis point to -0.46%.
– Britain’s 10-year yield dipped less two basis points to 0.136%.
Commodities
– Gold price is impressively up today with $24.82 change or 1.35% to $1,842.13 an ounce.
– Silver strengthened 5.2% to $20.94 per ounce.
– West Texas Intermediate crude is up by 2.44% to $41.92 per barrel.
– Brent crude climbed up toward $45 per barrel.
Currencies
– U.S. Dollar Currency Index is down with 0.01% loss to $95.32 per share.
– The euro rose 0.6% to $1.1521.
– The British pound gained 0.6% to $1.2732.
– The Japanese yen strengthened 0.4% to 106.80 per dollar.
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