Skip to main content

US Stock Market goes up with the Dow and S&P setting up new intraday record high

Written by Customer Service on . Posted in Public Companies.

A print has been released by the Commerce Department about the consumer spending last March, which was a huge boon for a sign of economic recovery. The report tackles increase of sales on food and drink services, clothing and other consumer in demands.

Stimulus cheques played a big role on the recorded spending, but the successful vaccine rollout is considered the main reason affecting the mind set of people returning to normalcy.

Another market stimulus is the new print of weekly jobless claims which showed a huge drop in numbers, indicating improvement of citizen lifestyle. Federal Reserve members declared that there was an increase in economic activity since February of this year.

That being said, economist still projects that inflation is bound to happen with the citizens returning to normalcy and the increase in consumer demands. The Central Bank, however, sticks to their previous statement that support is still needed for the economic recovery and that inflation will still be control so a certain extent.

Stock market got a huge boost as S&P and the Dow recorded intraday new highs as well as closing new all-time highs. NASDAQ outperformed with over 1% increase in value.

Here’s a quick view of the major movements in the market for Thursday, April 15:

• NASDAQ Composite Index jumped 1.31% or 180.92 points to 14,038.76, recovering losses from yesterday’s session
• S&P 500 Index gained 1.11% or 45.76 points and ended 4,170.42 as a new record high
• The Dow Jones Industrial Average closed with a new record high of 34,035.99, stepping up by 0.90% or 305.10 points
• Gold up by $28.80 or 1.66% at $1,765.10 per ounce
• Crude closed $63.34 per barrel with an increase of $19 or 0.30%
• U.S. 10 Year Treasury yield dropped 10.8 basis points and now at 1.5300%

Cryptocurrency is now starting a new age as Coinbase started in the stock market debut earlier this week. Shares have dwindled down a bit today due to volatility but still has a positive outlook for investors.

These are the 5 main cryptocurrencies available in the market:

• Bitcoin (BTC) – $60,759.56
• Etherium (ETH) – $2,392.81
• Ripple (XPR) – $1.63
• Bitcoin Cash (BCH) – $903.39
• LiteCoin (LTC) – $274.18

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.