1. S&P 500 Jumps To Three Week High
The S&P 500 jumped to a three-week high on Tuesday evening, led by Boeing, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war. The three-day rally kicked off on Friday following robust U.S. jobs data. On Tuesday, the index added almost 1% to close at a three week high of $2574.41. It should be noted that SPX500 added a total of 9 percent since its 20-month lows touched around Christmas. Among yesterday’s biggest gainers included Boeing up by 3.8%, Facebook up by 3.25%, Verizon up by 2.93%, MGM up by 2.64% and Alibaba up by 2.58%. Meanwhile, the Dow Jones Industrial Average (US30) jumped 1.09 percent to end at 23,787.45 points.*
2. NEO Price Continues To Surge As Anticipation For DevCon Builds
NEO’s bullish breakout continued on Wednesday morning, as investors rallied behind a promising network upgrade that will allow developers to deploy smart contracts. The protocol for the smart economy is eyeing several major developments this year centered on crypto-economics and infrastructure. The value of NEO surged 12.76% to $9.3707 as pf 8:00 GMT, the highest since mid-November. The cryptocurrency has gained a whopping 21% since Sunday, placing it among the market’s top performers.**
3. Oil Prices Surge On US-China Trade Talks Optimism
Oil prices surged on Wednesday morning on hopes that Washington and Beijing can resolve a trade dispute that triggered a global economic slowdown. Specifically, U.S. West Texas Intermediate (USOIL) crude oil futures were at $50.43 per barrel as of 8:00 GMT, up 65 cents, or .3 percent from their last settlement. International Brent crude futures (CL_BRENT) were up 69 cents, or 1.16 percent, at $59.41 per barrel. It should be noted that oil prices have also been receiving support from supply cuts started at the end of 2018 by a group of producers around the Organization of the Petroleum Exporting Countries (OPEC) as well as non-OPEC members.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: Investing Jan 9, 2019 2:48 AM ET
**Source: Hacked Jan 9, 2019 5:53 AM ET
***Source: CNBC Jan 9, 2019 03:07 AM ET
