Redwood Capital Management Limited: Major Indices hit six-week high all led by Tech shares

Stocks rose as trading session starts this week led by tech related shares and so with investors who are keeping an eye to a round of quarterly corporate earnings report.

Nasdaq outperformed both Dow and S&P, getting back its best peak since September of this year. Apple also rose about 6.4% after traders seeking for a good rally from an upcoming event of the company wherein they are about to unveil their first ever 5G iPhone.

Facebook and Amazon also increased more than 4%. Gold and crude are down while Treasuries rose.

Meanwhile, here are the main movements in the stock market this Monday;

Stocks

– The Dow Jones Industrial Average rallied and ended up 250.62 points or less than 1% higher to 28,837.52.
– S&P 500 climbed up by 56.99 points or 1.64% higher to 3,534.12.
– Nasdaq Composite also increased around 296.32 points or is 2.56% higher to 11,876.26.
– The Stoxx Europe 600 Index rose quite a bit with 0.7% higher.
– The MSCI Asia Pacific Index gained about 0.9%.

Bonds

– The yield on the 10-year benchmark has increased by 0.2 basis points to 0.7770%.
– Germany’s 10-year yield is down by two basis points to -0.55%.
– Britain’s 10-year yield slid about one basis point to 0.271%.

Commodities

– Gold fell shortly around 5.38 points lower or 0.28% to $1,924.26 an ounce.
– Sliver has no to little change at $25.15 an ounce.
– West Texas Intermediate crude declined about 1.17 points or is 2.88% lower to $39.43 per barrel.
– Brent crude also slid around 1.13 points or 2.64% to $41.72 per barrel.

Currencies

– US Dollar Currency Index has a little change at 93.10 per dollar.
– The euro dipped about 0.1% to $1.1812.
– The British pound is up by 0.2% to $1.3066.

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