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

Gold, Investing, Market Insider, News, Stock Market, Trader Talk
Business Credit Cards

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.

close

Subscribe to our free daily news summary:
Call Put Strike Insights

close

Subscribe to our free daily news summary:
Call Put Strike Insights

Products You May Like

Articles You May Like

StocksForYou Stock: The Ultimate Stock Recommendation Service for High Growth Stocks
Choosing The Best Credit Card for your Spending Habits
Foreign Real Estate Investment In The US Gaining Momentum Despite Pandemic Impacts
Investors Who Invested In COVID-19 Hit Bonds Rewarded With Huge Returns
Deliveroo Holdings PLC (LON:ROO) IPO Disappoints As Sell-Off Persists
Bitcoin Ready To Rally To $70,000 level As Institutional Demand Remains High
Saudi Arabia To Increase Oil Prices In Asian Market As OPEC+ Plans To Ease Output Curbs

Leave a Reply

Your email address will not be published.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