DJ30 notches best quarter since 1987
Wall Street concluded its best quarter in decades yesterday, finishing off with gains, as both the NSDQ100 and SPX500 climbed 1.5% or more. The DJ30 finished Q2, 2020 with gains of 17.8%, its largest single-quarter gain in 33 years. The SPX500 and NSDQ100 registered quarterly gains of 20% and 30.8%, respectively, their largest gains since the late 1990s. This morning, futures indicate a slight correction, as the DJ30 is expected to open 50 points lower. Markets today may be affected by the ADP NFP report, to be released at 13:15 GMT.
25664.68 -118.23 (-0.46%)
Today’s highlights: Tesla notches another all-time high
Tesla races to all-time high: The electric carmaker yesterday soared nearly 7% to reach a fresh all-time high. The gains are attributed to rumours that the company may be joining the SPX500 index, and on estimates that its upcoming earnings report will show good results. The company is now worth more than $200 billion and is very close to becoming the world’s most valuable automotive company.
Cryptos remain stable: While mostly showing losses over the past 24 hours, the cryptocurrency market maintained its low volatility. 8 of the top 10 cryptos showed price movements of 0.5% or less, including Bitcoin, which was holding above the $9,100 mark at time of writing.
China data boosted Asian markets: The China50 index jumped more than 2% this morning, following a private survey that showed better-than-expected factory activity in China. The HKG50 also showed gains, while the JPN225 showed a correction.
Oil closing in on $40 again: After falling below the $39 mark yesterday, the black gold recovered on a surprise decrease in US stockpiles, once again nearing $40.
Lower volatility expected for CAD: Banks in Canada are closed today in observance of Canada Day, resulting in lower liquidity and volatility for the Canadian Dollar.
Europe opens mostly higher: While the UK100 slipped 5 points, the GER30 and FRA40 opened 22 and 9 points higher, respectively.
TSLATesla Motors, Inc.
1077.39 68.04 (6.74%)
9117.46 4.01 (0.04%)
39.69 -0.16 (-0.4%)
TNDMTandem Diabetes Care Inc
98.76 10.95 (12.47%)
Stocks earnings releases on 01/07/2020
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
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