Dow Jumps & Tech Slips – Daily Financial News Summary For Monday, August 10, 2020

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Monday markets saw the Dow Jones gain 1.3%, the S&P 500 rise 0.27%, meanwhile, the Nasdaq fell 0.4%. The Stoxx Europe 600 rose 0.3%.

Netflix and Facebook saw shares fall 2% each, and Microsoft dipped 1.99%, Amazon dropped 0.6%, and Alphabet slipped 0.1%. Meanwhile, Apple climbed 1.45% on the day.

“Tech has been one of the few resilient sectors within this whole year, I wouldn’t be surprised if you saw a little bit of pullback in that areas just because it’s been one of the more resilient,” said Katy Kaminski, chief research strategist and a portfolio manager for AlphaSimplex Group’s managed futures strategy.

West Texas Intermediate crude rose 2% to $42.05 a barrel, the largest gain in almost three weeks. Gold slipped 0.5% to $2,025.19 an ounce.


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