Wall Street starts December strong
US markets ended yesterday higher, as both the SPX500 and NASDAQ100 gained more than 1%, each registering a new all-time high, while the DJ30 also registered gains. Markets were lifted by positive momentum in the tech sector, including gains of more than 3% for Apple, Facebook and Tesla. This morning, however, futures point to a slight correction, as leading indices are expected to open lower. Markets today may be affected by Fed Chair Jerome Powell’s testimony in Washington DC about the CARES act, at 15:00 GMT.
Today’s highlights: Bitcoin corrects after all-time high
Cryptos show correction: Bitcoin notched an all-time high yesterday, peaking at $19,845 before correcting. At time of writing, Bitcoin was trading around $18,800, while the majority of other top 10 cryptos were also in correction territory.
Oil continues to decline: The negative momentum in oil markets continued yesterday and this morning, following an increase in US crude oil inventories.
Asian markets mostly lower: The JPN225, China50 and HKG50 indices were all seen lower at time of writing.
Blackberry soars on Amazon deal: Software developer and former mobile phone powerhouse Blackberry yesterday announced a deal with Amazon Web Services to develop its Intelligent Vehicle Data Platform, IVY. Following the announcement, the Blackberry stock jumped more than 19%. On eToro, the company is part of the Driverless CopyPortfolio, which gives investors exposure to the autonomous car industry. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Slack rises to all-time high on Salesforce deal: The acquisition of Business communication platform Slack by Salesforce was confirmed yesterday, with a price tag of $27.7 billion. Ahead of the official announcement, Slack’s stock jumped 2.24% to close at a new all-time high yesterday.
Commodity expiration: Please note that futures contracts for Aluminum and Nickel on eToro will expire this Friday at 16:00 GMT.
Europe opens lower: The UK100 opened 28 points lower, the GER30 was down 47 points and the FRA40 opened 15 points lower.
18932.28 -88 (-0.46%)
6.97 1.1 (18.74%)
WORKSlack Technologies Inc
43.83 0.95 (2.22%)
Stocks earnings releases on 02/12/2020
Stocks earnings releases on 03/12/2020
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
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