Posts Tagged: oil price

US stocks rebound on tech rally amid volatile trading

 

  • #US stocks climbed on Friday, retrieving a portion of Thursday’s market sell-off that had been led by technologies stocks.
  • #Absent a strong Friday rally, stocks are actually established to record the first back-to-back week of theirs of losses since March, as soon as the COVID-19 pandemic was forward and school in investors’ brains.
  • #Oil fell as investors carried on to break down an article from the American Petroleum Institute which mentioned US stockpiles increased by nearly three million barrels. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 a barrel.
  • # Bitcoin rose to 10K

US stocks climbed on Friday, helping to recover a percentage of Thursday’s stock market sell off that was led by technological know-how stocks.

Tech stocks spearheaded profits on Friday amid volatile trading as investors sized up better-than-expected earnings from Peloton and Oracle.

Though Friday’s original jump higher in the futures markets won’t be sufficient to stop an additional week of losses for investors. All three major indexes are actually on course to capture back-to-back weekly losses for the first time since early March, once the COVID-19 pandemic was front side and club in investors’ brains.
Here is where US indexes stood shortly after the 9:30 a.m. ET market open on Friday:

S&P 500: 3,354.78, up 0.5%
Dow Jones industrial average: 27,641.80, up 0.4 % (117 points)
Nasdaq composite: 10,976.01, up 0.5%

Goldman Sachs updated its third quarter GDP forecast on Thursday to thirty five % annualized progress, prompted by a stronger-than-expected August jobs report. The US put in 1.37 million projects in August, much more than an anticipated fact of 1.35 million jobs.

Economists surveyed by Bloomberg count on third quarter GDP development of 21 %.
Peloton surged on Friday after the health company cruised to the first quarterly profit of its on the backside of increased spending on its treadmills and bikes during the COVID-19 pandemic. Oracle additionally posted a strong quarter of earnings growth, surpassing analyst expectations because of increased demand for its cloud services.

Spot gold rose 0.3 %, to $1,952.22 per ounce. The precious metal has stayed in a narrow trading assortment of $1,900 to $2,000. Both the US dollar and Treasury yields traded horizontal on Friday.

Oil extended the decline of its from Thursday as investors digested stories of depressed need due to the COVID-19 pandemic and of increased source from US oil producers. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 a barrel. Brent crude, oil’s international image standard, fell 1.7 %, to $39.38 per barrel, at intraday lows.

Enter title here.

US stocks rebound on tech rally amid volatile trading

  • #US stocks climbed on Friday, recouping a portion of Thursday’s market sell off that had been led by technological know-how stocks.
  • #Absent a good Friday rally, stocks are actually established to capture the first back-to-back week of theirs of losses since March, as soon as the COVID 19 pandemic was forward and school of investors’ brains.
  • #Oil fell as investors carried on to digest a report from the American Petroleum Institute which mentioned US stockpiles enhanced by nearly three million barrels. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 per barrel.
  • # Bitcoin rose to 10K

US stocks climbed on Friday, helping recovering a part of Thursday’s stock market sell-off that had been led by technological know-how stocks.

Tech stocks spearheaded gains on Friday amid volatile trading as investors sized up better-than-expected earnings from Oracle and Peloton.

But Friday’s initial jump higher in the futures markets won’t be sufficient to stop yet another week of losses for investors. All three leading indexes are on course to record back-to-back weekly losses for the first time since early March, once the COVID-19 pandemic was forward and facility of investors’ brains.
Here’s just where US indexes stood shortly after the 9:30 a.m. ET marketplace open on Friday:

S&P 500: 3,354.78, up 0.5%
Dow Jones industrial average: 27,641.80, up 0.4 % (117 points)
Nasdaq composite: 10,976.01, up 0.5%

Goldman Sachs updated the third quarter GDP forecast of its on Thursday to thirty five % annualized growth, prompted by a stronger-than-expected August jobs report. The US included 1.37 million jobs in August, more than an anticipated fact of 1.35 million jobs.

Economists surveyed by Bloomberg expect third quarter GDP development of 21 %.
Peloton surged on Friday after the fitness company cruised to the first quarterly profit of its on the rear of increased spending on its bikes and treadmills while in the COVID 19 pandemic. Oracle also posted a good quarter of earnings growth, surpassing analyst expectations thanks to increased demand for the cloud services of its.

Spot gold rose 0.3 %, to $1,952.22 per ounce. The prized metal has stayed to a narrow trading assortment of $1,900 to $2,000. Both the US dollar as well as Treasury yields traded flat on Friday.

Oil extended the decline of its from Thursday as investors digested reports of depressed interest as a result of COVID-19 pandemic and of improved source from US oil producers. West Texas Intermediate crude sank pretty much as 1.7 %, to $36.67 per barrel. Brent crude, oil’s international standard format, fell 1.7 %, to $39.38 a barrel, at intraday lows.