Hardest hit industries lead historic rally It was the sectors that have suffered the most in recent weeks that led Tuesday’s mammoth rally, with the S&P 500’s energy names rallying 16.3%, financials 12.8% and industrials 12.8%. Within the industrial sector, airlines had the best day with a 19% gain; Delta Air Lines climbed 21% despite…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 17, 2020. In a reversal of fortune, having posted one of their worst days in history on Monday, US indices were halted by their 5% limit-up circuit breaker as the market bounced overnight. They have since…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 3, 2020. Analysts’ hopes that the Federal Reserve will step in with interest rate cuts and stabilise markets sent shares soaring yesterday, with the Dow Jones Industrial Average jumping 5.1% to deliver its best day since…
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eToro UK markets analyst, Adam Vettese, has provided his daily commentary on traditional and crypto markets for August 19, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, This week may well be as volatile as last week. Attention will be focused on the Federal Reserve’s FOMC minutes…
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Boeing Co. (NYSE:BA)’s shares declined today and dragged futures on the Dow Jones Industrial Average lower. Ethiopian Airlines flight ET302 crashed on Sunday en route from Addis Ababa to Nairobi killing 157 people. Given the cause of the crash is still unknown, and this is the second such incident involving Boeing's new 737 Max 8…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 27, 2018. Highlights include: Dow Shatters Single-Day Record: One trading day after US indices officially entered a bear market, the Dow rose 1,086 points — its largest single day gain of all time. These…
Read moreYou wanted volatility to start the new year? Well, you got it. The first Monday back on Wall Street in 2015 sees the Euro take a further dive, and major indexes over 1% in the red. Most notably, oil dipped below $50 for the first time in over 5 years - down as much as 5% on the day.
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