US Markets: Rising Trend Remain To Continue

On Wednesday, US stock markets were trading in various directions and without any pronounced dynamics.

Only the high-tech NASDAQ Composite index managed to display substantial growth, which increased by 2.01%, the DJIA decreased by 0.08%, and the S&P 500 grew by 0.77%. Currently, investors are now thinking about not making hasty choices.

Yesterday, the amount of macroeconomic data and corporate reporting was incredibly limited, and investors just took a break for a while, apparently. Experts are now trying to forecast the future situation based on the complexities of the occurrence of COVID and the vaccine produced by different countries, as well as the implementation by individual states of strict quarantine restrictions and the actions of the new US leadership on monetary policy. The counting of votes is far from done, even if the results of the recount are in favor of Donald Trump in some contested states of Georgia, Arizona and North Carolina, it will still not take him to the lead.

The growth leaders yesterday were Coty Inc (+8.18%), News Corp (+5.72%), Qualcomm Corp (+5.41%), Qorvo Inc (+5.41%) and Invesco (+5.16%). On the other end, Kohls Corp (-10.06 percent), Air Goods (-9.40 percent), Nordstrom (-8.52 percent), Alliance Data Systems Corp (-6.97 percent) and Simon Property (-6.89 percent) registered the highest declines.

In recent days, some investors suspect that markets have overreacted slightly to anti-Covid vaccine and economic recovery expectations. The U.S. presidential election and reports by Pfizer and BioNTech regarding their vaccine candidate’s high efficacy have somewhat overshadowed the dramatic rise in the number of cases of Covid-19 across the Atlantic, where on Tuesday a new milestone was reached of more than 200,000 new cases detected in 24 hours. More than 1,500 deaths in one day were also recorded in the United States, which recently passed the 10 million Covid-19 case mark, taking the pandemic death toll to more than 240,000.

At the same time, it is currently difficult to single out any sector that would genuinely look better than the rest. The dynamics of the valuation of such stocks are calculated to a greater degree by the context of the general information and reports released for the third quarter by the companies.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


But the “black gold” that grew in price delighted the American oil industry. Since yesterday afternoon, the price of hydrocarbons, which has risen dramatically in the previous days, has turned into a technical correction.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

Recent Articles

The Facts You Need to Know about Itron Inc. (ITRI) Moving Forward

Itron, Inc. (NASDAQ: ITRI) released a positive update for the fourth quarter and full-year 2020. This quarter was highlighted by a record portfolio of...

One stock you can’t skip: Bionano Genomics Inc. [BNGO]

Bionano Genomics Inc. (BNGO) stock prices have grown nearly 1,000% in the past 12 months. Despite this, some analysts feel that the shares have...

What the sentiment indicator is Signaling: CEVA Inc (CEVA)

CEVA, Inc. (NASDAQ: CEVA) reported its fourth-quarter report on Tuesday, February 16; the company signed 21 new agreements generating record revenues. CEVA provides OEMs with...

A Stock Check: Which direction Pinterest Inc (PINS) will move from here?

The social networking company Pinterest Inc (PINS) rose 226% in the past year. If the price has increased significantly, is it worthwhile to acquire...

Why Should Synaptics Incorporated (SYNA) Be On Your Radar?

Growing demand for laptops has allowed Synaptics Inc. (NASDAQ: SYNA) to expand its touchpad sales. The company becomes a technology leader in its narrow...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

We do not sell or share your information with anyone.