Investam-HK: Stock Market wraps up positive after drowning last weekend

July 17, 2020

The total number of confirmed coronavirus cases in all states of America is now 2.5 million with 125,000+ deaths related, but it didn’t stop stocks to surge this Monday afternoon.

Major stocks in the U.S. has climbed high on the final day of the heyday quarter since 1998 as investors evaluate [rather estimated] the economic data amidst worries over the growing number of cases in the country. Including technology all 11 sectors in the stock market closed positively.

Boeing Co. has led the Dow Jones Industrial Average gained on today’s market after the Federal Aviation Administration said Boeing could begin test flights of its grounded 737 Max jets. Nasdaq Composite was led by Facebook after the latter wipe off most of its losses, while, S&P500 on the other hand deleted its June reductions after a report showed U.S. pending home sales posted a record gains.

Below are the movements of stocks and bonds on today’s market.

Stocks

  • The Dow Jones Industrial Averages finished Monday with a gain of 580 points, or 2.3%.
  • The S&P 500 Index rose 1.5% as of 16:00 of New York time.
  • The Nasdaq Composite Index rose 1.2%.
  • The MSCI Asia Pacific Index advanced 0.7%.
  • The Stoxx Europe 600 Index increased 0.1%.

Bonds

  • The yield on 10-year Treasuries dipped less than one basis point to 0.64%.
  • The yield on the 30-year Treasury bond rose a bit to 1.3835%.
  • The yield on the 2-year Treasury notes is down by negative 0.002% to 0.152%.

Commodities

  • West Texas Intermediate crude increased by 3.14% to $39.70 a barrel.
  • Brent Crude rose by 1.78% to $41.85 a barrel.
  • Gold strengthened by 0.11% or $1.89 change to $1,772.11 an ounce.

You may explore our website to view our products and services, or contact us at info@investam-hk.com to discuss your wealth management future.

Leave a Reply

Your email address will not be published. Required fields are marked *