Technology Stocks Boost Made Wall Street Rise Last October

United States stock exchange has strengthened in line with the increase in giant technology stocks. At the close of trading Monday (12/10/2020), the Dow Jones 28837.52 was up + 0.88% percent, the S&P 500 3534.22 was up +1.64 percent, and the NASDAQ100 11876 was up +2.56 percent. Realiance Sekuritas said in its research publication that US stocks rose to their highest level in almost six weeks amid rallies in some of the world’s biggest technology companies. The S&P 500 extended gains into a fourth day and the NAS100 posted its biggest gain since April after surging as much as 4.1 percent. Aside from that, if you want to purchase some US100 Indexes, you can visit http://www.nas100brokers.com/ to hire its brokers immediately.

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After experiencing a correction last month, the technology index extended its surge from this year’s lows to nearly 75 percent. Investors are once again returning to the company with cash that can expand if the economic recovery slows.

Prospects for an immediate end to a deadlock over a new stimulus package faded Monday with lawmakers told not to expect any action this week and many Senate Republicans rejecting the White House’s proposal for a deal.

On the commodity market, oil fell the sharpest in more than a week with Gulf of Mexico production starting to resume and Libya reopening its largest field.

WTI oil prices fell 2.9 percent, fell to their lowest level in a week, and broke the 100-day moving average in a sign of further selling pressure ahead. The global benchmark for Brent futures remains below its 100-day and 200-day moving averages.

China has suspended trades of Australian coal, as Beijing continues to strictly control fuel imports in the middle of deteriorating political ties with Canberra.

Their steel mills and power stations have been verbally told to stop using Australian coal right away, the people said, asking not to be named as the matter is personal.

The port has also been told not to unload Australian coal, one of the sources said. China’s customs administration was not immediately available for comment.

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