Global stocks recovered Monday after a hard trip last week. Dow futures increased almost 300 points and the Nasdaq-100 futures…
Global stocks recovered Monday after a hard trip last week. Dow futures increased almost 300 points and the Nasdaq-100 futures also indicated a strong start for Wall Street when US markets opened later, with oil price recovery which gives some fresh optimism to the beginning of the week.
Dow Jones Industrial Average Futures
YMZ8, + 1.10%
jumped 270 points, or 1.1% to 24.528, while the S & P 500 index futures
ESZ8, + 1
increased 32 points or 1.2% to 2.661.75. Nasdaq 100
collected 112 points, or 1.7% to 6.442.75.
Profits also occurred in Asia and Europe. Stoxx Europe 600 Index
SXXP, + 1.12%
was up 1.2% while Japan’s Nikkei Stock Average
NIK, + 0.76%
On Friday Dow Jones Industrial Average
fell 178.74 points, or 0.7% to 24.285.95, the S & P 500 index
of 17.37 points, or 0.7%, at 2.632.56, while the Nasdaq Composite Index
decreased 33.27 points to 6.938.98, a decrease of 0.5%.
Last week, Nasdaq lost 4.3%, Dow finished 4.4% lower, while S & P 500 notched a week-on-week decline of 3.8%. It marked the worst Thanksgiving week since 2011 for all three US indexes.
Losses for oil prices helped drive the shares last week and the opposite was true for Monday. After losing 7.7% in Friday session alone, America’s raw futures
CLF9, + 1.21%
increased 1.6% to $ 51.20 per barrel while Brent crude
LCOF9, + 1.97%
jumped 2% to $ 60.01 on Monday.
In Europe, a meeting is being announced between Prime Minister Giuseppe Conte and European Commission President Jean-Claude Juncker, which could put an end to a budget set-up between Italy and the EU has given support to Europe’s shares. U.K Prime Minister Theresa May also went away from an EU meeting with approval for her Brexit deal.
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Shares of Amazon.com Inc.
]] Increased over 2% in thin negotiation trading forecasts Cyber Monday Holiday Shopping is expected to generate $ 7.8 billion in sales this year, a 18% profit compared with the previous year, making the largest online shopping day in the US ever according to Adobe Analytics.
While foot traffic to major retailers was down during Thanksgiving and Black Friday, Internet sales increased 26.4% year-on-year to $ 12.3 billion over the period .
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