24 August 2020 Comments Off

S&P 500 hits new all-time high as volumes plummet.

 

 

Surging tech shares continue to underpin the equities rally. Rebounding economic data and hopes for a coronavirus vaccine are also lifting investor sentiment despite a sharp drop-off in trading volumes.

 

In economic data, the NAHB housing market index improved to 78 in August from 72 in July. July housing starts surged 22.6% to a seasonally adjusted annual rate of 1.496 million. Building permits jumped 18.8% to a 1.495 million-unit pace. Separately, existing-home sales rose 24.7% in July to a seasonally adjusted annual rate of 5.86 million. Initial jobless claims returned above 1 million for the week ended August 15.

 

The Final Word:

COVID-19 continues to be a significant threat to the U.S. economy, with more than 5.7 million confirmed infections. Against this backdrop, options spreads continue to offer opportunity.

 

Live4trading.co.uk’s CFD Brokers list was designed to provide an independent comparison of the leading online providers, and to assist traders to find a reliable, trustworthy and FCA governed provider.

Live4Trading.co.uk is much more than just another trading Guide

Comments are closed.

Les ailes de Viktoria |
Deux oiseaux (la suite) |
Christinedalmolineirl |
Unblog.fr | Annuaire | Signaler un abus | annoucrpe
| Le reflet dans les mots
| Vanessarhnimes