Brooke Capital Limited: Stocks are down for three straight days amidst dimming Stimulus talks

Resurgence in coronavirus and the uncertainty in the new proposed fiscal stimulus bill has pared losses to major indices in today’s market session.

Tech shares fell simultaneously that pulled Nasdaq down. Facebook dropped more than 2%, while Apple and Amazon slid about 1.2% and 0.6%, respectively.

Another contributor of today’s decline is the report from Labor Department that there are additional 898,000 workers filed jobless claims which is a bit higher from what Dow Jones had estimated.

On the other hand, precious metals such as Gold and silver both increase while crude fell less than 1%.

Meanwhile, here are the main movements in the Stock Market this Thursday;

Stocks

– The Dow Jones Industrial Average fell around 18.68 points or is 0.07% lower to 28,495.32.
– S&P 500 slid about 5.34 points or less than 2% to 3,483.33.
– Nasdaq Composite dropped by 54.86 points or 0.47% to 11,713.87.
– The Stoxx Europe 600 Index dipped about 2.1%.
– The MSCI Asia Pacific Index is down by 1.1%.

Bonds

– The yield on 10-year Treasuries has increased less than one basis point to 0.73%.
– Germany’s 10-year yield is down by three basis points to -0.61%.
– Britain’s 10-year yield slid quite big about four basis points lower to 0.18%.

Commodities

– Gold has strengthened and is up by 7.02 points or is 0.37% higher to $1,908.01 an ounce.
– Silver is also up by 0.05 point or 0.37% to $24.28 an ounce.
– West Texas Intermediate crude fell after two-day winning streak with 0.19% loss to $40.96 per barrel.
– Brent crude has dropped with 0.37% loss to $43.16 per barrel.

Currencies

– US Dollar Currency Index is up by 0.376 point or 0.40% to 93.777 per dollar.
– The Japanese yen decreased about 0.2% to 105.42 per dollar.
– The British pound is down by 0.9% to $1.2897.
– The euro has loss about 0.4% to $1.1704.

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