S&P 500, Nasdaq propped up by tech stocks; retail earnings awaited | Forex Factory

  • S&P 500, Nasdaq propped up by tech stocks; retail earnings awaited

    From reuters.com

    Technology-related shares lifted the S&P 500 and Nasdaq on Monday as investors turned to sectors that have been resilient to the shocks of the coronavirus pandemic, while awaiting the earnings of big retailers later this week. Chipmaker Nvidia Corp was among the top gainers on the Nasdaq, touching a record high ahead of its quarterly results due on Wednesday. Home improvement chains such as Lowe’s Cos Inc and Home Depot Inc rose more than 1% each ahead of their quarterly earnings later in the week. The two companies are expected to have received a bump to their quarterly sales from consumers looking to do minor ... (full story)

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RossEdwards
Aug 17, 2020 1:12pm
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Quoting Vancarbon
Yes with a 5 trillion weighting they can prop up most of the market All's good in the US . But wait ...... One of the city’s homeless – there are more than 66,000 people sleeping rough every night. The virus only made matters worse. There are homeless encampments in some of the most instantly recognisable tourist traps Dichotomy ...not !
Pleasure to read your comment..@VC
Socially responsible folk are hard to find at best of times.. and especially right now..
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ettrader
Aug 17, 2020 11:34am
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Stock markets are just in a world of their own they're pricing in a V shaped recovery which will come eventually but hang on it's already 15% higher than it was before the crisis started. I'm not sure how long they can keep playing this game and we know how quickly it drops when other people wonder also but a pension fund can lose -40% in a matter of weeks when it does.
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afevir
Aug 17, 2020 12:41pm
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