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.

US stock indexes rose after the collapse last week


November, 30 2021
watermark Economic news

Yesterday, the US stock market closed with the growth of the main indices, which fell sharply at the end of last week due to the panic reaction of traders to the news of the identification of a new strain of Covid-19.


The World Health Organization (WHO) has given the new strain the name «omicron», stating that it has a greater number of mutations than its predecessors. 


As a result, the Dow Jones Industrial Average rose by 236.6 points to 35,250 points by the close of the market on Monday. The Standard & Poor's 500 rose by 60.65 points to 4,672 points. The Nasdaq Composite added 291.18 points to 157,830 points.


Analysts note that the fall in stock markets last Friday was compounded by even lower than usual activity of traders, since Thanksgiving Day was celebrated in the United States on Thursday. Today, investors continue to wait for clearer information about how quickly the new strain is transmitted and how dangerous it is. The main concern is the possibility of introducing new quarantine restrictions around the world. At the same time, the US has already stated that it does not intend to introduce lockdowns due to the omicron-strain.


Shares of Moderna Inc. rose by 11.8% following the results of trading on Monday, the value of Pfizer Inc. securities. it dropped by 3%. The stock prices of airlines and cruise operators rose, as did the shares of oil companies, which rose in price following the rise in oil prices.


Shares of Twitter Inc. fell 2.7% on Monday after the news of Jack Dorsey's resignation from the post of CEO of the company.


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.