Wall Street looking to extend rally into Q4
The 3rd quarter of 2020 ended yesterday on a high note, as the DJ30 jumped 1.2%, while the SPX500 and NASDAQ100 also registered gains. Ahead of the first trading day of the year’s final quarter, stock futures were slightly higher at time of writing. US markets may be affected today by the Institute for Supply Management’s Manufacturing PMI, to be released at 14:00 GMT, and news regarding the US government’s next COVID-19 financial relief plan.
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Today’s highlights: Nio reaches another all-time high
Cryptos stay in the green: The cryptocurrency market was relatively less volatile over the past 24 hours, as the majority of top 10 cryptos registered small upticks. Bitcoin climbed above the $10,800 mark and was holding above it at time of writing.
Asian markets in the green: Markets in the East registered gains this morning, as the China50, HKG50 and JPN225 were all seen higher at time of writing. Banks in China are closed today in observance of a national holiday.
Oil remains on recovery path: The black gold was able to recover some of its recent losses yesterday and this morning, climbing above the $40 mark. Oil prices today may be affected by news of US government stimulus.
NIO continues to push forward: After jumping more than 10% and reaching an all-time high in the previous session, electric carmaker NIO yesterday continued its hot streak, closing 1.77% higher to reach yet another all-time high.
Precious metals show recovery: Both gold and silver were seen higher this morning, including an uptick of more than 1% from the latter.
Palantir soars after IPO: On its first day of trading on the eToro platform, recently-IPOed big data analytics company Palantir yesterday soared more than 31%. For the most recent and significant price movements in markets, check out the Market Movers page on eToro.
Europe opens higher: The UK100 opened 32 points higher, the GER30 was up 39 points and the FRA40 opened 16 points higher.
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Earnings season coming to a close: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar.
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* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
* The information above is not investment advice.