The Dow Jones gained, pushing Wall Street towards the best week since March. Ahead, the ASX 200 and Hang Seng Index could rally, but will breakouts last?
Stocks Edge Lower on Wall Street after Best Week Since 2020 9and10news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9and10news.com Daily Mail and Mail on Sunday newspapers.
The Nasdaq 100 rose as the S&P 500 and Dow Jones fell after mixed US non-farm payrolls data. Ahead, the Nikkei 225 is eyeing follow-through after the best week since May 2020.
MiM
ES squeezed out a run-up into the close on a very small MOC that had no effect except to say “nothing to worry about or see here”. The break up continues to squeeze the shorters and the weak hands continue to get rolled.
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Covid Corner:
Things continue to imporve in the US as a sharp drop in hospitialied covid paitents is universally being felt along with a drop in new cases.
With the exception of Texas Texas which struggles to stay flat, we are seeing a drop in daily cases across the US. THIS IS NOT DUE TO CURRENT VACCINE ROLLOUT. As we have seen in Israel, which was earlier than us in their vaccine rollout, it takes a good month or so after 25% percent of the nation is vaccinated before we can see the effect. The US is currently below 10%.