Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Wall Street grows on diminishing COVID-19 fears


August, 24 2020
watermark Economic news

The American trading session opened with growth as the United States recorded its lowest coronavirus infection rate in two months. Moreover, the Food and Drug Administration (FDA) allowed the use of blood plasma from patients with coronavirus for its treatment.


As a result, the Dow Jones rose by 265 points (or 0.95%) to 28,195.25 points. The S&P 500 rose 0.71% to 3.421.2 while the Nasdaq Composite rose 0.6% to 11.378.56.


Facebook shares climbed 3.7% amid reports from The Wall Street Journal that Mark Zuckerberg was actively lobbying the US government against ByteDance, the Chinese firm that owns the TikTok app. Apple shares surged 2.6%, ignoring news that Microsoft has backed Fortnite's Epic Games, which has sued to defend its right not to pay a 30% commission to the iPhone maker for in-game purchases.


Tesla Inc. shares, however, fell 6% in the first 15 minutes of trading, but then stabilized at -3.1%. Zoom Video Communications Inc also declined 1.6% after reports of outages in the Eastern and Central time zones.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.