Market Report for Sep 03 2020
Nasdaq Composite +34.4% YTD
S&P 500 +10.8% YTD
Dow Jones Industrial Average +2.0% YTD
Russell 2000 -4.6% YTD
NYSE Vol: 895 mln
Nasdaq Vol: 3.9 bln
Portfolio % of Return:
FX & Comms: +7.02
The US and European stocks performed well on Wednesday. The S&P 500 is theme is 2. It had its biggest gain in almost 2 months and has had 22 record closes for 2020 and looks firmly in a bull market alongside Nasdaq Composite. The Dow Jones Industrial Average is just 1.53% away from making an ATH.
What’s significant is that AAPL, TSLA and ZM along with other tech all had negative days yet the market still moved up indicating more participants are finding strength and not just being directed by the chosen few. Energy was the only negative player in the sector field.
CRWD had better than expected earnings AMC but the stock declined about 4% overnight.
The USD rose the most in almost 2 weeks.
Stand aside for NFP and so enjoy the prekend.
Lets go trade!