Monthly Archives: July 2020
JUL 02,2020
Written on July 2, 2020 at 1:45 am, by anakin
Market Focus ISM Manufacturing PMI rose to 52.6 from previous 43.1, beating estimate of 49.5. The printed figure was the highest number recorded in a year. ADP’ private-sector jobs rose by 2.369 million in June, ADP Research Institute vice president said “as the economy slowly continues to recover, we are seeing a significant reboundContinue Reading
JUL 01,2020
Written on July 1, 2020 at 2:02 am, by anakin
Daily Market Analysis Market Focus US benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998. The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, which is equivalent to 217 points, and hit 25,812. Lastly, the Nasdaq Composite rallied 1.9% to finish theContinue Reading
JUN 30,2020
Written on July 1, 2020 at 1:50 am, by anakin
Market Focus Total death toll worldwide has surpassed 500,000 and confirmed cases exceeded 10 million. WHO warned that the worst scenario has yet to come. European Union governments is considering extending a travel ban for US residents for at least two weeks. On the other hand, several US states decided to halt plans toContinue Reading
JUN 29,2020
Written on July 1, 2020 at 1:43 am, by anakin
Daily Market Analysis Market Focus Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the poor Wall Street indexes performance is still the accumulating new COVID-19 cases; currently, the USContinue Reading
