Record breaking day on Wall Street
Yesterday was an extremely positive day on Wall street, as the DJ30 jumped more than 400 points, reaching its biggest monthly gain since 1987. The SPX500 was also looking strong as it rallied 1.6%, while the NASDAQ100 moved up 1.3%. This record-breaking rally comes after positive vaccine news, coupled with increasing clarity of US president Joe Biden’s political plans. US markets today may be affected by minutes from the latest FOMC meeting, to be released at 19:00 GMT. US markets will be closed tomorrow due to the Thanksgiving holiday.
30070.35 -22.5 (-0.07%)
Today’s highlights: Bitcoin’s market cap at all-time high
Bitcoin reaches $19,000: Bitcoin’s market cap reached an all time high, as BTC prices soared above $19,000. At the same time, after XRP soared more than 50% in the previous session, the world’s 3rd-largest crypto was in the red over the past 24 hours.
Aurora Cannabis rises 28%: Shares of medical marijuana giant Aurora continued to rise yesterday, as investors believe the Biden administration will be friendlier towards cannabis legalization. On eToro, Aurora is part of the Cannabis Care CopyPortfolio, which gives investors exposure to the medical marijuana market. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Riding strong: After being inducted into the SPX500, Tesla shares yesterday continued to rise as they closed over 6%.
Flowing in the right direction: Oil continued looking green as positive vaccine news gave the market hope. This morning, oil prices were trading above $45, a price level not seen since late August.
Asian markets mixed: Both the JPN225 and the HKG50 were seen higher this morning while the China50 index was seen in the red.
Commodity expiration: Please note that futures contracts for Palladium and Copper will expire on eToro today and on Friday, respectively, at 19:00 GMT.
Europe seen higher: The UK100 was seen 46 points higher, the GER30 was up 42 points and the FRA40 opened 28 points higher.
18816.95 -53.38 (-0.28%)
0.6407 -0.0283 (-4.23%)
ACBAurora Cannabis Inc
9.1817 2.0381 (28.53%)
TSLATesla Motors, Inc.
555.17 33.32 (6.38%)
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
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* 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.