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Tag: GAFAM

Market Activity

Market’s Sharp Upbeat Following GAFAM Gains

On Wednesday, the US market went through an exciting session as all asset classes rose very strongly. Oil, although showing accelerating growth in Europe, still remained up 3.5 percent to $39. The Dow Jones, however, halved its gains to 1.35 percent, but the S&P-500 rose 2.20 percent, the Nasdaq Composite fell by -3.85 percent to 11,600 points and the Nasdaq-100 was a flat wih rise of 4.4 percent. All that came after ‘GAFAM’ with gains of 5% for Microsoft to 6% for Alphabet and 6.3% for Amazon and then 8.3% for Facebook, though Apple remained weakest with an increase of’just’