Home 2020 Wall Street Reversed on ‘a dime’ Friday Powering the Biggest Point Advance...

Wall Street Reversed on ‘a dime’ Friday Powering the Biggest Point Advance on the Dow in History

28
0

$DIA $SPY $QQQ $RUTX

FLASH: The DJIA rose nearly 1,300 pts, the largest single day point gainer in history, President Trump’s policies Work!

Monday, the major US stock market indexes reversed on a dime Friday and continued their advance Monday.

Tech and healthcare companies led the broad gains, which gave the DJIA its biggest-ever point gainer and biggest percentage increase since March 2009.

The S&P 500 index spiked 4.6%, its best day since December 2018.

Investors are increasingly anticipating that the Fed and other major central banks around the world will lower interest rates soon or sooner.

Gold rose 28.20 at 1,592.30 oz, silver rose 29c at 16.68 oz and copper rose 5c to 2.60 lb.

USD fell to 107.87 JPY from 108.42 Friday, EUR strengthened to 1.1163 from 1.1028

WTI Crude OIL rose 1.99, or 4.4%, to settle at 46.75 bbl, Brent, the international standard, gained 2.23 to close at 51.90.

Monday, the major US stock market indexes finished at: DJIA +1293.96 at 26703.29, NAS Comp +384.80 at 8952.17, S&P 500 +136.01 at 3090.23

Volume: Trade on the NYSE came in at 1.7-B/shared exchanged

  • NAS Comp -0.2% YTD
  • S&P 500 -4.4% YTD
  • DJIA -6.4% YTD
  • Russell 2000 -9.0% YTD

HeffX-LTN’s overall technical outlook for the major US stock market indexes is Very Bullish across the board

Looking ahead: February auto and truck sales will be reported throughout Tuesday.

Stay tuned




Previous articleCanadian Dollar: USD/CAD (CAD=X) on the Rebound
Next articleShanghai: SSE Composite Index (.SSEC) Chinese equity market a beacon for rebound on global markets
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.