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Category: CFD Indices

CFD Indices – S&P 500 & Nasdaq At Record High On Optimism About US Economic Stimulus

January 22, 2021Shueh Ting Wong

Market News

  • Wall Street peaked overnight, with both the S&P 500 and Nasdaq Composite closing at record highs, pushed upward by continued optimism about economic stimulus to counteract the COVID-19 pandemic promised by newly inaugurated U.S.
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CFD Indices – Yellen’s Hefty Fiscal Package Lifted US Indices.

January 20, 2021Shueh Ting Wong

Market News

  • Wall Street’s main indexes closed higher last night as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package where the benefits will outweighed the costs of a higher debt burden before lawmakers to help the world’s largest economy ride out a pandemic-driven slump.
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CFD Indices – Banking Stocks And Exxon Mobil Dragged US Indices Lower.

January 18, 2021Shueh Ting Wong

Market News

  • Last Friday, Wall Street’s main indexes finished lower, weighed down by big U.S. banks such as Wells Fargo, JPMorgan and Citigroup after their earnings reports, while the energy sector fell sharply due to a regulatory probe into Exxon Mobil.
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CFD Indices – Labour Market Dampened Stimulus Hopes

January 15, 2021January 15, 2021Shueh Ting Wong

Market News

  • Wall Street closed lower on Thursday as hopes for fresh fiscal stimulus ahead of President-elect Joe Biden’s pandemic aid proposal were pitted against a weakening labour market.
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CFD Indices – Expectations Of Economy Recovery Is Likely To Lift US Indices To New Highs

January 13, 2021January 13, 2021Shueh Ting Wong

Market News

  • The benchmark S&P 500 closed barely higher on Tuesday while shares in smaller companies soared to record highs as investors favoured more economically sensitive market segments as they bet on a recovery in 2021.
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Disclaimer

This information is prepared by personnel in UOB Kay Hian’s Alternative Products Department and is not the product of UOB Kay Hian’s Research Department. It is not a research report and is not intended as such, although a UOB Kay Hian Research report may be referenced as a link or as an attachment hereto.

Opinions expressed herein may differ from the opinions expressed by other areas of UOB Kay Hian, including research. This commentary is provided for information only. Neither the information nor any views expressed constitutes a solicitation for the purchase or sale of any securities or other financial instruments. It is not a personal recommendation, offer or solicitation to buy or sell.

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