Wall Street shows a recovery
US markets finished higher yesterday, as the DJ30, SPX500 and NSDQ100 all gained more than 3%. Markets were boosted by an 8% uptick from Johnson & Johnson, who yesterday announced it will begin human trials of a coronavirus vaccine in September, and Microsoft, which spiked 7% on increased cloud services usage. To follow the most recent news regarding the global impact of the coronavirus pandemic, check out eToro’s Ongoing Updates blog post. At time of writing, futures pointed to a slightly lower opening on Wall Street. Markets may also be affected by the CB Consumer Confidence Index, to be released at 15:00 GMT.
JNJJohnson & Johnson
132.66 9.5 (7.71%)
159.56 9.86 (6.59%)
Today’s highlights: Bitcoin back above $6,400
Cryptos register gains: Cryptocurrency markets were seen higher over the past 24 hours, as all top 10 cryptos were in the green at time of writing. Bitcoin was up more than 4%, trading around the $6,400 mark.
Asian markets mixed: Following surprising manufacturing data out of China, which showed factory activity actually increased over the past month, had a positive impact on some Asian markets. The HKG50 index was seen higher at time of writing, while the China50 and JPN225 indices were nearly flat.
Oil bounces back from 18-year low: After yesterday dropping below $20 to price levels not seen since 2002, the black gold showed a recovery this morning, climbing more than 4% to trade around the $21 mark.
Oil companies react to oil uptick: As oil rebounded, some of the companies that produce, refine and sell it also showed gains. Yesterday, several such companies registered double-digit gains, including PBF Energy, Delek US Holdings and Suncor Energy. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Europe opens higher: The UK100 opened 8 points higher, the GER30 was up 106 points and the FRA40 opened 32 points higher.
Zoom stock launched on eToro: Popular video conferencing app Zoom has been added to eToro, alongside more than 180 news stocks. Read more here.
6389.4 -145.64 (-2.23%)
PBFPBF Energy Inc
7.63 1.27 (19.97%)
ZMZoom Video Communications Inc
149.91 -0.88 (-0.58%)
Stocks earnings releases on 31/03/2020
Earnings coming to a close: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
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