Category: Market Activity

U.S. financial markets marked the introduction of all three main indices to fresh historical peaks on Monday 28 December, the first day of trade after Christmas. Fears that federal departments will be left without Tuesday’s financing and that Americans will be left without subsidies have persisted in the background, after President Donald Trump signed the budget for the next fiscal year late on Sunday. The blue-chip Dow Jones Industrial Average contributed 0.68 percent to 30,403.97 points at the end of the day, the broad-market Standard & Poor’s 500 index improved 0.87 percent to 3,735.36 points, and the Nasdaq high-tech index

After celebrating the launch of the U.S. coronavirus vaccine program, Wall Street ended Monday’s half-tone session in the face of the epidemic’s revival. The 300,000-dead Covid-19 mark was symbolically crossed in the U.S. on Monday, and New York City is contemplating re-shutting itself. Investors are also frustrated with the United States’ slowness. Congress is approving a new economic support package and is also looking forward to the next Fed conference scheduled for Tuesday and Wednesday. The industrial average of the Dow Jones dropped -0.62 percent to 29,861 points at the close, dipping below 30,000 points, while the large index of

On Wednesday, job openings on the macro-economic front in the U.S. stood at 6.652 million in October, compared to 6.3 million by consensus. The reading of the previous month has been updated to 6.494 million; the U.S. JOLTS’s Department of Labor study reveals. Wholesale inventories for October also rose 1.1 percent month over month compared to a revised rise of 0.9 percent in September and against a consensus 0.9 percent for the same. On the vaccine front on Wednesday, Canada declared it had approved the Pfizer/BioNTech alliance vaccine, becoming the third country to give the go-ahead after the United Kingdom