{"id":165250,"date":"2020-02-20T07:12:50","date_gmt":"2020-02-20T12:12:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165250"},"modified":"2020-02-20T07:12:50","modified_gmt":"2020-02-20T12:12:50","slug":"nasdaq-notches-back-to-back-record","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/nasdaq-notches-back-to-back-record\/","title":{"rendered":"Nasdaq notches back to back record"},"content":{"rendered":"
February 20, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Technology leads US stocks rebound<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> closed at record highs again on Wednesday on upbeat reports. Minutes from the Federal Reserve\u2019s January meeting showed that Fed officials believed the US economy appeared stronger in late January than expected. The S&P 500<\/a> advanced 0.5% to fresh record 3386.15. The Dow Jones <\/em> industrial average gained 0.4% to 29348.03. Nasdaq <\/em> rose 0.9% to new record 9817.18. The dollar strengthening was intact as US producer prices jumped 0.5% in January, its biggest increase in 15 months. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.2% to 99.59 and is higher currently. Futures on stock indexes point to higher openings today.<\/p>\n

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FTSE 100 led European indexes recovery<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended higher on Wednesday. EUR\/USD <\/em> reversed higher yesterday while GBP\/USD <\/em> accelerated its decline with both pairs lower currently. The Stoxx Europe 600 ended up 0.8% led by technology shares as EU opened a 12-week period of discussion aimed at better understanding how to protect EU citizens from what it describes as the negative impacts of AI. Germany\u2019s DAX 30 <\/em> rose 0.8% to 13789. France\u2019s CAC 40<\/em> advanced 0.9% while UK\u2019s FTSE 100 <\/em> gained 1.1% to 7457.02 as UK inflation unexpectedly hit a six-month high of 1.8% in January<\/p>\n

\"GB100<\/p>\n

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Shanghai Composite leads Asian indexes recovery<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today as new cases of coronavirus infection in China reported over the last 24 hours declined for a second day. Nikkei <\/em> added 0.3% to 23479.15 as yen continued sliding against the dollar. Markets in China are mixed as the central bank of China cut its benchmark one-year loan prime rate by 10 basis points: Shanghai Composite Index <\/em> is 1.8% higher while Hong Kong\u2019s Hang Seng Index <\/em> is down 0.3%. Australia\u2019s All Ordinaries Index extended gains 0.3% as Australian dollar accelerated its decline against the greenback.<\/p>\n

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Brent <\/a> up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are higher today despite the American Petroleum Institute industry group report yesterday US crude stocks rose by 4.16 million barrels las week. Prices rose as US imposed sanctions on trading brokerage of Russian oil giant Rosneft: April Brent added 2.4% to $59.12 on Wednesday.<\/p>\n

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Gold rises despite Dollar strengthening<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains while dollar inches up. The price of an ounce of gold for April delivery gained 0.5% to $1,611.80 Wednesday.<\/p>

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Market Analysis provided by <\/strong>IFCMarkets<\/strong><\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Technology leads US stocks rebound US stock market closed at record highs again on Wednesday on upbeat reports. Minutes from the Federal Reserve\u2019s January meeting showed that Fed officials believed the US economy appeared stronger in late January than expected. The S&P 500 advanced 0.5% to fresh record 3386.15. The Dow Jones industrial […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-165250","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=165250"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165250\/revisions"}],"predecessor-version":[{"id":165252,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165250\/revisions\/165252"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}