US markets headed for gains at the open
Following the long holiday weekend, Wall Street is set for a green opening, as futures suggest a 300 point increase for the DJ30. Last week, major indices showed impressive gains, as both the NSDQ100 and SPX500 climbed more than 4% over 4 days of trading. Markets today may be affected by the ISM Non-Manufacturing PMI report, to be released at 15:00 GMT.
NSDQ100NASDAQ100
10488.83 102.25 (0.98%)
64% selling
Today’s highlights: China50 jumps 6%
- Low volatility continues in crypto markets: The cryptocurrency markets maintained its relative stability over the weekend and the past 24 hours. Since yesterday, 6 of the top 10 cryptos showed price movements lower than 0.5%, including Bitcoin, which was nearly flat, holding between $9,000 and $9,100.
- PharmaMar jumps on coronavirus test results: Spanish pharma giant PharmaMar announced last Thursday that its Aplidin treatment for Covid-19 showed impressive results in a test in South Korea. As a result, the PHM.MC stock spiked more than 15% on Friday. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
- Buffett buys Dominion Energy’s natural gas business: In its first major acquisition since the coronavirus pandemic, Warren Buffett’s Berkshire Hathaway is acquiring Dominion Resources’ natural gas assets for $10 billion.
China50China A50 Index
15740.25 948.75 (6.41%)
59% buying
OILOil
40.63 0.34 (0.84%)
74% buying
PHM.MCPharma Mar SA
9.302 1.227 (15.2%)
98% buying
DDominion Resources Inc
82.48 0.13 (0.16%)
100% buying
Stocks earnings releases on 07/07/2020
Earnings season resumes next week: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
* The information above is not investment advice.