Skip to main content

Stock Market rallies ended up higher led by tech giants as Powell affirms no inflation

Written by Customer Service on . Posted in Public Companies.

Everyone has been anticipating inflation as part of the economic recovery and because of this, tech stocks had been on a thorny path for the past few days.

Thursday session opened higher after Powell’s speech Wednesday evening, resulting to a massive tech rally led by Alphabet (GOOGL), Facebook (FB), and Microsoft (MSFT) which all hit new ATH. NASDAQ outperformed and closed to its highest since February, while S&P 500 reached a new all-time peak. The Dow also closed higher with its quiet movements in the market.

Futures for the 3 all edged higher with all the positive news coming in. Inflation will be held back as much as possible, economic recovery is underway, and COVID-19 vaccine rollout going smoothly.

Here’s a quick view of all the major changes in the market as of Thursday, April 8:

• NASDAQ Composite Index jumped 1.03% or 140.47 points ending at 13,829, which is its highest close in almost 3 months
• S&P 500 Index increased by 0.42% or 17.22 points reaching an all-time record of 4,097 at market close
• The Dow Jones Industrial Average up by 0.17% or 57.31 points closing 33,504
• Gold plummeted 0.42% or 7.25 points, closing at $1,736.92 an ounce
• Silver slightly dropped 0.03% or 0.01 Points at $25.01 an ounce
• The U.S. 10-year Treasury Note bumped up by 0.016 basis points at 1.645%
• The U.S. 30-year Treasury Bond went up by 0.019 basis points closing 2.328%
• WTI Crude slipped 0.18% and at $59.49 a barrel
• Stoxx Europe 600 outperforms gaining 0.58% or 2.54 points and now at 436.86
• MSCI Asia Pacific hit it big with 1.79% gains at 445.29

Bitcoin is currently upward indicating a positive trend with the distribution of the stimulus cheques for the ongoing pandemic. Last March, Morgan Stanley announced that they would flagship the use of bitcoins in banks, and a similar move was made by Goldman Sachs later on.

These are the 5 main cryptocurrencies and their current value in the market:

• Bitcoin (BTC) – $57,927.55
• Etherium (ETH) – $2,075.91
• Ripple (XPR) – $1.02
• Bitcoin Cash (BCH) – $636.66
• LiteCoin (LTC) – $224.16

For more latest news in US Stock Market and Crypto Currency you may also visit us at Invest Consulting Group Limited through our website or contact us via email.
For more information, visit: https://investcgl.com/

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.