The Dow Jones Industrial Average has rebounded more than 100 points today after falling yesterday. while buying in the banking sector helps support the market
At 9:01 p.m. Thai time, the Dow Jones Industrial Average was 34,402.05, up 118.78, or 0.35%.
The Dow Jones Industrial Average closed 150 points last night. While investors sell stocks in the energy and financial sectors. Amid concerns about the impact of the COVID-19 pandemic, however, the S&P 500 and Nasdaq indexes hit record highs yesterday. This was driven by strong buying in banking and technology stocks.
Bank stocks rebound today. Big U.S. banks, including Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo, have also increased their dividends. After these banks have passed the stress test conducted by the Federal Reserve (Fed).
Boeing shares jumped more than 1% after United Airlines announced the purchase of 200 Boeing Max aircraft.
Home construction stocks rose. In response to a survey by S&P CoreLogic Case-Shiller, the nationwide home price index in the United States jumped 14.6 percent in April, the biggest jump in more than 30 years from levels. 13.3% in March and its 11th straight month of gain, driven by strong demand from homebuyers. and tight house stocks.
Today marks the trading day before the last day of June and Q2, with the Dow Jones falling this month. After four straight months of gaining, the S&P 500 is set to rise for a fifth month, while the Nasdaq is set to hit its seventh month’s gain in eight months.
At the same time, considering the beginning of this year The Dow jumped 12%, the S&P 500 jumped 14%, while the Nasdaq jumped 12%.
Investors eyeing US non-farm payroll numbers on Friday. While analysts predicted that Employment numbers will increase by 683,000 in June. higher than in May, which increased only 559,000 positions
Other U.S. economic data due this week include ADP’s private payrolls, pending home sales, weekly unemployment claims, managers’ index. Final Manufacturing Purchasing (PMI) from Markit, US Institute of Supply Management (ISM) manufacturing index, May trade balance. and factory orders