Global Markets Treading Water in Midweek Trading

Global Markets Treading Water in Midweek Trading

Investors expressed renewed optimism Wednesday as they moved past a disappointing report on the efficacy of a potential coronavirus vaccine being developed by Moderna.

Major U.S. market indexes posted gains at the closing bell Wednesday.

Dow Jones Industrial Average was up 1.52%, or 369 points, to close at 24,575.90. The Nasdaq did even better with 2.08%, or 190 points, up and closing at 9,375.90. NEWS — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!

Investors expressed renewed optimism Wednesday as they moved past a disappointing report on the efficacy of a potential coronavirus vaccine being developed by Moderna.

Major U.S. market indexes posted gains at the closing bell Wednesday.

Dow Jones Industrial Average was up 1.52%, or 369 points, to close at 24,575.90. The Nasdaq did even better with 2.08%, or 190 points, up and closing at 9,375.90. S&P 500 gained more than 48 points, or 1.67%, ending the day at 2,971.61.

European markets also turned up Wednesday, reflecting mild optimism as the continent reopens for business and the pandemic is on a downward trajectory.

London’s FTSE index was 1.08% higher and Frankfurt’s DAX index was up 1.34%, while the CAC-40 in Paris closed 0.87% higher.

Most Asian markets ended their trading sessions higher Wednesday, although with smaller gains. The Nikkei finished almost 0.8% higher to lead the region, while Hong Kong was almost flat and Shanghai finished 0.5% lower.

Global markets had soared at the beginning of the week after U.S.-based biotechnology company Moderna announced that initial tests for a possible coronavirus vaccine produced favorable results from a small sample of people.

The markets floundered Tuesday when a report on the medical news site Stat said there was not enough data to assess the vaccine’s potential effectiveness. The Dow Jones, S&P 500 and Nasdaq all finished Tuesday trading sessions with losses, as did most European markets.

Source: www.voanews.com

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NEWS — TradingView

NEWS — TradingView

Source: www.tradingview.com

Author: Trade24Fx


Global Markets Treading Water in Midweek Trading

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