TECHNICAL ANALYSIS

Large clues tighten as sanctions against China less than feared


Dow has the best performance in 7 weeks. Second consecutive week of gains for the main indices

Major US stocks and some tighten higher at the close as sanctions against China are less than feared. NASDAQ led the way with a gain of 1.29%. The Dow Jones finished lower as investors returned to tech growth stocks.

The latest figures show

  • S&P index up 14.58 points or 0.48% to 3044.31
  • The NASDAQ index rose 120.88 points or 1.29% to 9,489.87
  • The Dow Jones industrial average fell 17.53 points or -0.07% to 25,383.13.
Dow has the best performance in 7 weeks. Second consecutive week of gains for the main indices_ For the trading week, Dow’s industry average led the way with a 3.71% gain in the United States. The NASDAQ index lagged because earlier in the week, flow funds were in industrial stocks, which were more battered. Nevertheless, the NASDAQ gained 2.21%. The S&P index rose 3.25%.

In Europe, the French CAC increased by 5.64% and the Spanish ibex almost increased by 6%. The UK FTSE underperformed with a gain of 1.02%.

See here for global data on coronavirus cases

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