US Dollar Back Above 93 Levels as Vaccine Optimism Fades
US dollar index is back above 93 levels as investor’s optimism over the coronavirus vaccine faded in the past two sessions. The rally in the USD index is also supported by heavy selling in currencies like the Japanese yen and Swiss franc.
Nike Stock Will Sustain Momentum Amid Digital Expansion
Nike stock price has recently hit an all-time high of $136 due to stronger than expected results for the third quarter. The company says strong digital sales growth helped in offsetting lower physical traffic on coronavirus concerns.
European stocks are in red, coronavirus concerns weigh on sentiments
European stocks have lost the upside momentum amid concerns over rising virus infections as well as the delivery of the Pfizer vaccine. Following the Monday rally, the European stocks rally faded due to slowing economic growth on lockdowns.
Square stock is flying on massive revenue beat, rosy outlook
Square stock price soared more than 4.5% after topping third-quarter revenue estimates by 50% and exceeding earnings target by 100%. Investors have been applauding the stunning financial performance of Jack Dorsey's payments services company.
Nasdaq index is skyrocketing amid split congress, Uber and Lyft soared
The tech-heavy Nasdaq index remained the best performers in post-election trading as shares of big tech stocks rose sharply on prospects of dividend legislative assembly. Traders assume the clear majority for any side could make it easier for them to amend tech and social media laws. Besides Nasdaq, other stock…
US stock markets extends bullish trend as Joe Biden is in a winning position
US stock markets are rallying as election results show Democratic challenger Joe Biden has a clear edge over incumbent president Donald Trump. Former vice president Joe Biden is only a six vote away from victory while Donald Trump has secured 214 electoral votes.
Elections 2020: US stock markets are shining , Nasdaq up 3.5%
The vote counting is in progress but US stock markets have started shining as initial results show Democrats candidate Joe Biden is leading with 213 electoral votes. The challenger Joe Biden needs to win 270 electoral votes to move into the White House.
European stocks rebound from multi months low, upside is limited
European stocks bounced back as traders sentiments turned positive after reports of stronger manufacturing and export data from Europe and Asia. European stocks have hit multi months low at the beginning of the week due to concerns over lockdowns and prospects of slower growth in the December quarter.