Dow Jones Now Pushes Higher on Bump in Tech Stocks

The Dow Jones now is climbing thanks to a 1% bump for Apple Inc. (NASDAQ: AAPL). Other FAANG stocks including Inc. (NASDAQ: AMZN), Netflix Inc. (NASDAQ: NFLX), and Alphabet Inc. (NASDAQ: GOOGL) were also up nearly 1% this morning.

Futures received a boost in confidence after China reported its first uptick in retail sales in 2020. The nation continues to recover from the economic shock of COVID-19. Let’s get into everything moving the Dow today…

First, here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change Dow Jones 27,993.33 +327.69 +1.18 S&P 500 3,383.54 +42.57 +1.27 Nasdaq 11,056.65 +203.11 +1.87

Now here are what I think will be the most important market events and stocks on Monday morning.

The Top Stock Market Stories for Tuesday

AstraZeneca Plc. (NYSE: AZN) announced it will resume its phase 3 trial in the United Kingdom after a temporary pause. Meanwhile, Pfizer Inc.‘s (NYSE: PFE) CEO said over the weekend that the company plans to provide critical data from its latest trial to the FDA by the end of October.

Best Stocks: Three of the best stocks to consider buying today – these picks belong in every portfolio. Learn more

Meanwhile, the U.S. Federal Reserve is likely to remain tight on monetary policy through the year 2020, even if the central bank sees inflation move higher than 2%. According to CNBC‘s monthly Fed survey, the bulk of respondents forecast no hikes for the next two years thanks to the central bank’s new goal of letting inflation rise above the 2% target. The Fed will begin a two-day meeting today on monetary policy. Finally, oil prices ticked higher

Read More Here...

Bookmark the permalink.

Comments are closed.