Synergy Capital Asset Management: Against growing numbers of Coronavirus Pandemic, Stock Market
U.S. stock market surge the second time this week as market opens Tuesday morning but as before it closes at 4:00 p.m. it slightly fell however remained green. The sudden fade in the surge is due to the concern of the growing numbers of confirmed coronavirus cases among states in America. Investors are worried that this might break off the economy re-opening activities.
On today’s market flow, Nasdaq Composite leads surge hitting an all-time high with 8 straight days gain while the Dow and S&P500 jump a bit too.
Stocks
– The S&P 500 Index rose 0.4% as of 4 in the afternoon NYC time.
– The Dow Jones Industrial Average rose 0.5% to 26,194.
– The Nasdaq Composite Index gained 0.8%, hitting the highest record on its 8th consecutive day advance which is the largest advance this week.
Treasury yields quite impress investors today too. As yields recovered a few points even suffering a scare from White House trade advisor Peter Navarro regarding the U.S. – China trade that is ‘over’ which later on he denied telling. He said that the topic in a late night show is just taken ‘wildly out of context.’
Bonds
– The yield on 10-year Treasuries raised less than one basis point to 0.71%.
– The two-year yield is still in no movement to 0.188%.
– The yield on the 30-year bond was up 3 basis points at 1.493%.
Gold price had hit its highest level since 2012 marking $1,769.93 an ounce this day. However oil prices declined by almost 1%.
Commodities
– West Texas Intermediate crude is down by -.88% to $40.37 a barrel.
– Brent crude decreases by $42.23 a barrel.
– Gold price strengthened by 0.81% to $1,769.93 an ounce.
For now you may browse more on Synergy Capital Asset Management Limited so you may see what we can offer for your financial needs.
For more information, visit: https://synergycapitalam.com/
