US dollar Steady Despite Fading Stimulus Hopes, Equity and Gold Bounce Back
US dollar bounced back sharply as it's clear that no stimulus is possible ahead of the election. The deadlock between both parties’ enhanced investors focus on the safe-haven assets and dropped the confidence in risker assets including stocks and European currency.
Apple Stock Falls on Piper Survey Despite iPhone Event
The world’s largest tech company has introduced a $99 HomePod Mini in white and space gray color and new 5G supported iPhones including a 6.1-inch iPhone 12 and mini 5.4 inches iPhone 12. The company has also launched the iPhone 12 Pro (6.1-inch) and Pro Max (6.7-inch) with 128GB of storage.
Apple Stock is Shining Ahead of 5G iPhone Event
Apple stock price extended the upside momentum in Tuesday trading after reporting more than 6% gain on Monday ahead of the Apple’s 5G iPhone launch today. Apple has delayed the launch of the 5G smartphone from its original date because of the coronavirus pandemic.
GameStop Stock Retreats amid a Tug of War between Bulls and Bears
GameStop stock price fell sharply on Friday after generating massive gains early in the week. The shares of video gaming company are up more than 60% in the last month alone, accelerating the twelve months gains to 140%. Its partnership with Microsoft is the biggest factor behind the gains.
European Stock Markets Rally, Oil Stocks are Shining
European stock markets reported hefty gains after making big losses early this week as traders sentiments shifted towards stimulus program. In addition, the robust growth in oil prices helped the energy sector to lead the gains. Oil prices jumped on slowing supplies.
European Stocks Struggles on Industrial Data, Wall Street Rebounds
European stocks reported losses in the past two consecutive sessions as Donald Trump has halted stimulus talks and German industrial data fell short of expectations. However, Wall Street soared sharply on Wednesday and extended the trend into Thursday trading.
Amazon Stock Offers a Buying Opportunity After the Dip, Analysts Say
Amazon stock price has been struggling to generate a sustainable upside momentum over the last month only due to broader market volatility. The shares of the world’s largest e-commerce company fell sharply from an all-time high of $3500 to around $3200 at present.
TikTok Tops Instagram as Teens Favorite App, Second to SnapChat
TikTok has been accelerating its popularity at a robust pace as a report from Piper Sandler shows that the Chinese social media app has crossed Instagram as teen’s most popular social media app. TikTok is standing in second place while Instagram slipped to the third spot.
European Stocks Soar on Trump’s Health and Stimulus Hopes
European stocks soared on Monday and extended the uptrend into Tuesday as President Donald Trump and the first lady has left the hospital after successfully beating the virus. The rally in energy and tech stocks supported the gains.